BEIJING, May 11 (Xinhua) – Profits of China’s insurance companies were estimated to total nearly 100 billion yuan in the first quarter of this year, up about 60 percent year on year, the Xinhua-run Shanghai Securities News reported on Friday.
The industry’s revenues from premiums dropped 11.15 percent from a year earlier to reach 1.408 trillion yuan during the period.
Of the total premiums, 950.081 billion yuan came from life insurance, down 18.22 percent year on year and 156.152 billion yuan from health insurance, down 2.39 percent year on year. In contrast, premium income of personal accident insurance remained basically stable in the first quarter, up 15.69 percent from a year earlier.
(Edited by Yang Yifan, yangyifan@xinhua.org)
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