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China Life Insurance Group H1 premium income 195.46 bln yuan, up 46.81 pct

Wed. July 16, 2008; Posted: 07:55 PM
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BEIJING, Jul 17, 2008 (XFN-ASIA via COMTEX) -- LFC | Quote | Chart | News | PowerRating -- China Life Insurance Group, parent of China Life Insurance Co Ltd (SHA 601628; HK 2628), booked first half premium income of 195.46 bln yuan, up 46.81 pct year-on-year, the official Xinhua news agency reported, citing data from the group.

Premium income from the life insurance business stood at 193 bln yuan, while premium income from property insurance was 2.46 bln.

At the end of June, the company had assets of 1.205 trln yuan, accounting for about 40 pct of the industry's total, Xinhua added.

Late yesterday, listed China Life Insurance Co Ltd, in which China Life Group holds a 68.37 pct stake, announced first half premium income of 182.1 bln yuan, up 50 pct from a year earlier.

(1 usd = 6.8 yuan)

zachary.wei@xfn.com

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For full details on China Life Insurance Company (LFC) click here. China Life Insurance Company (LFC) has Short Term PowerRatings of 5. Details on China Life Insurance Company (LFC) Short Term PowerRatings is available at This Link.

    


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