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CPIC Premium Income Monthly Moved down in Oct

 

Wednesday, Nov 18,2009, 10:52:31 AM   Click:

China Pacific Insurance (Group) Co., Ltd. (CPIC, SHSE: 601601) recently announced total premium incomes of CNY 7.6 billion in October, rising 22.58% year over year but slipping 19.15% month over month, according to a report by the Shanghai-headquartered insurance group.

Also, its two subsidiaries faced monthly declines in October.

China Pacific Life Insurance Co., Ltd. reaped a premium income of CNY 5.4 billion, climbing 25.58% year over year but sliding 14.29% month over month. China Pacific Property Insurance Co., Ltd. harvested a premium income of CNY 2.2 billion, leaping 15.79% year over year but sinking 29.03% month over month.

From January 1 to October 31, 2009, Pacific Life Insurance had a premium income of CNY 56.2 billion, and Pacific Property Insurance CNY 29.2 billion.

Currently, CPIC is in preparation for a listing in Hong Kong. Its earnings per share is estimated at CNY 0.69 in 2009, CNY 0.92 in 2010, and CNY 1.04 in 2011.

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