Big Three Insurers Sep. Life Insurance Premium up 17.8%

 

Tuesday, Oct 20,2009, 11:19:13 AM   Click:

The revenue premium three listed mainland insurers gained in the insurance sector of the nation lives has reached CNY 421.6 billion during the first nine months of this year, reaching 10.8 years per cent over the year .

The three are China Life Insurance Co., Ltd. (SHSE: 601628 and SEHK: 2628), Ping An Insurance (Group) Company of China, Ltd. (SHSE: 601318 and SEHK: 2318) and China Pacific Insurance (Group) Co., Ltd. (CPIC and SHSE: 610601), and the figure they achieved in September touched CNY 43,2 billion, representing a yearly rise of 17.8 percent.

The premium revenue China Life, the biggest life insurer in the country, obtained last month hit CNY 26.6 billion, surging 13.7 percent from a year ago and changing the situation of suffering a negative growth for consecutive six months. That captured by CPIC was CNY 6.34 billion, up 21.86 percent year on year and changing the situation of suffering a negative growth for consecutive 11 months.