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China Life's premium income totals 186.5b yuan in H1

(Xinhua)
Updated: 2009-07-22 09:59

China Life Insurance (Group) Company reported on Tuesday that its premium income totaled 186.51 billion yuan ($27.3 billion) in the first half year.

Related readings:  China's premium income tops $87.6b in first half  Insurers under pressure  China Life net profit up 55% in first quarter  China Life raises equity investments as market rallies

The figure accounted for 30.7 percent of the total premium income of the industry in China in the first six months, said the company.

In the first half of 2008, the company saw its premium income climb 46.81 percent to about 195.46 yuan.

Total assets of the company hit 1.42 trillion yuan as the end of June, up 10.8 percent from a year ago. Net profits rose 43 percent from a year earlier to 8.734 billion yuan from January to June, the company said.

China Life posted 316.4 billion yuan in premium revenue in 2008, an increase of 46 percent from a year ago.