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China Pacific Insurance reports premium income growth in first two months

March 14, 2022


Abstract : China Pacific Insurance (Group) Co., Ltd., one of the country's leading insurers, has reported rising premium income of both subsidiaries in the first two months of the year.

BEIJING, March 13 (Xinhua) -- China Pacific Insurance (Group) Co., Ltd., one of the country's leading insurers, has reported rising premium income of both subsidiaries in the first two months of the year.

In the January-February period, China Pacific Life Insurance Co., Ltd. raked in nearly 73.89 billion yuan (about 11.67 billion U.S. dollars) in premium income, according to a statement the group filed with the Shanghai Stock Exchange.

The unaudited figure represented a growth of about 2.3 percent over the same period last year, said the statement.

Meanwhile, premium income of China Pacific Property Insurance Co., Ltd. surged 15.7 percent year on year to 30.95 billion yuan during the period.

The insurer's shares in Shanghai edged up 0.33 percent to close at 24.16 yuan apiece on Friday.

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Keyword: insurance China Pacific Insurance

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