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China Taiping sees 15.7% rise in premium income in Jan-Oct

Nov. 9, 2012 (China Knowledge) - China Taiping Insurance Holdings Co Ltd<0966>, or CTIH, has announced its insurance premium income totalled RMB 31.72 billion in the first ten months of this year, 15.7% more than in the same period of last year.

The company said in a statement that its life insurance business recorded RMB 29.72 billion in insurance premium income, reflecting a growth of 11.94% YoY.

The property and casualty insurance business saw its premium income jump 31.5% YoY to RMB 6.2 billion in the ten-month period.

The pension insurance sector realized RMB 776.93 million in insurance premium income from January to October, 69.88% more than in the corresponding period of 2011.

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