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China Pacific Insurance 2010 Premium Income Hit CNY139.4bn

 

Thursday, Jan 20,2011, 1:04:17 PM   Click:

China Pacific Insurance (Group) Co., Ltd. (SHSE: 601601, SEHK: 2601), a leading integrated insurer in the country, stated in a January 17 announcement that it achieved CNY 139.4 billion in original premium revenue in 2010 in terms of new accounting principles, which included CNY 87.9 billion from life insurance and CNY 51.5 billion from property insurance.

China Pacific Insurance (Group) Co. recorded CNY 101.8 billion in original premium revenue in 2009, including CNY 67.6 billion from life insurance and CNY 34.2 billion from property insurance.

The insurance company brought in CNY 143.5 billion original premium revenue in 2010 in accordance with requirements prior to the regulations on accounting treatment of insurance contracts. The income from life and property insurances stood at CNY 92 billion and CNY 51.5 billion respectively.

China Pacific Insurance lately posted that it raked in original premium revenue of CNY 128.9 billion in the first eleven months of 2010, of which CNY 82.2 billion came from life insurance and the remainder CNY 46.7 billion was from property insurance.

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