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Ping An premium income rises in Jan

By Hu Yuanyuan (chinadaily.com.cn)
Updated: 2009-02-19 19:00

Ping An Insurance (Group) Co said on Thursday its combined premium income hit 17.28 billion yuan ($2.53 billion) in January, up 19 percent year-on-year, defying expectations of a further slowdown in growth.

The group's life insurance premium income was 13.31 billion yuan, up 23 percent from a year earlier. Its property and casualty insurance premiums were 3.58 billion yuan, down 13 percent.

The combined insurance premiums at China's three biggest life insurers - China Life, Ping An and China Pacific Insurance - expanded 11 percent in January from a year earlier to 55.5 billion yuan, according to China Securities Journal.