China Life 2011 Saw CNY357.8bn Combined Insurance Premium Insurance Tips

China Life 2011 Saw CNY357.8bn Combined Insurance Premium

Written on January 17, 2012 – 9:15 pm | by Sebastian Braim

China life insurance (Group) Company (hereafter China Life) saw CNY 357.849 billion consolidated insurance premium (non-audited, and the same below) and CNY 1.96 trillion combined total assets in 2011, and the premium increased steadily.

In terms of the itemized data, China life insurance Co., Ltd. (NYSE: LFC, SEHK: 2628, SHSE: 601628) saw a steady increase in insurance premium, and year-on-year growth in 10 year or above limit-first year regular premium.

China Life’s intra-system assets under the trusteeship of China Life Asset Management Company Limited reached CNY 1.69 trillion.

China Life Property & casualty insurance Company Limited, the market position of which rose to No.5, saw CNY 16 billion insurance premium and a steady increase in underwriting profit.

China Life Pension Company Limited saw 49.7% year-on-year increase in the received accumulated assets managed, and the proportion ranked high among peers.

China life insurance (Overseas) Company Limited saw over CNY 10 billion insurance premium, growing over 37.74%.

China Life Investment Holding Company Limited promoted the construction of special investment business platform and kept an entire profitability.

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