Ping An Jan-Oct premium income hits RMB 108.2 bln

Published: 20 Nov 2008 17:19:36 PST

Nov. 20, 2008 (China Knowledge) - Ping An Life Insurance (Group) Co<601318><2318>, China's second largest life insurer, announced it recorded premium income of about RMB 108.2 billion in the first ten months, up 9% from RMB 99.207 billion in the Jan.-Sep, period this year, market sources reported.

During the period, Ping An Life, Ping An Property & Casualty, Ping An Health and Ping An Annuity, booked RMB 84.52 billion, RMB 22.62 billion, RMB 26.29 million and RMB 1.04 billion in premium respectively.

Last week, larger rival China Life Insurance Co Ltd<601628><2628><LFC> posted an unaudited premium income of RMB 264.8 billion in the first ten months of this year, up 55.7% from a year earlier.

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