High premiums
Source: Xinhua |
May 19, 2010, Wednesday
|
Print Edition
Print Edition
CHINA Life Insurance (Group) Co, the country's top insurer, announced yesterday its premium income topped 132.9 billion yuan (US$19.5 billion) in the first four months of the year, up an annual 5.48 percent.
The insurer made the announcement in a document filed to the Shanghai Stock Exchange. But the Beijing-based insurer did not specify the reason for the rise in premium income. The company's net profit rose 66.6 percent annually to 10.21 billion yuan in the first quarter of the year.
The insurer made the announcement in a document filed to the Shanghai Stock Exchange. But the Beijing-based insurer did not specify the reason for the rise in premium income. The company's net profit rose 66.6 percent annually to 10.21 billion yuan in the first quarter of the year.
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