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Ping An Insurance's premium income up 12.8% in Jan-Oct

Nov. 13, 2012 (China Knowledge) - Ping An Insurance (Group) Co<601318><2318>, China's second-largest insurer by premium income, has said that its insurance premium income amounted to RMB 196.09 billion in the first ten months of this year, reflecting a YoY increase of 12.8%.

During the period from January to October, the group's life insurance unit, Ping An Life Insurance Co Ltd, realized RMB 109.79 billion in premium income, said the insurer in a statement filed with Shanghai Stock Exchange.

Premium income of its property and casualty insurance unit was RMB 80.99 billion in the first ten months of 2012.

The group's health insurance unit and annuity insurance unit recorded premium income of RMB 181 million and RMB 5.12 billion, respectively, during the ten-month period.

Ping An Insurance earlier announced that its net profit attributable to shareholders rose 20.7% YoY to RMB 2.13 billion in the third quarter of this year, China Knowledge reported earlier.

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