Sep. 19, 2012 (China Knowledge) - New China Life Insurance Co<601336><1336>, a major life insurer in China, announced that its insurance premium income decreased 6.06% MoM to RMB 6.2 billion in August this year.
In a statement filed with Shanghai Stock Exchange
, the life insurer saw its insurance premium income for the first eight months of this year reach RMB 68.8 billion.
From January to June, China's big four listed insurance companies booked a combined RMB 567.4 billion in premium income, including RMB 229.3 billion from China Life Insurance Co Ltd<601628
>, the country's largest life insurance company.
In the first half of this year, New China Life realized RMB 1.9 billion in net profit, 7.3% more than it realized in the corresponding period of last year, China Knowledge reported earlier