Ping An Insurance Jan-Aug Insurance Premium Hit CNY156bn

Ping An Insurance (Group) Company of China, Ltd. (SHSE: 601318), one of the biggest insurance firms in the country, said yesterday that it reaped insurance premium of CNY 155.745 billion in the first eight months of the year.

Of all the premium, CNY 112.70375 billion came from the life insurance unit, CNY 39.71009 billion from the property insurance unit, CNY 91.89 million from the health insurance unit, and the remainder CNY 3.2392 billion from the pension insurance unit, according to the Beijing-based company. In August alone, Ping An Insurance raked in insurance premium of CNY 16.928 billion, up 7.82% from the previous month.

The company secured CNY 107.40666 billion in original insurance revenue in the January-August period of the year, based on the Accounting Standards for Business Enterprises from the Ministry of Finance (MOF). Of all the original premium revenue, CNY 64.71431 billion were from its life insurance unit, CNY 39.71009 billion from its property insurance unit, CNY 417.2 billion from its health insurance unit, and CNY 2.94054 billion from its pension insurance unit.