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

Wed. July 16, 2008; Posted: 07:55 PM

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

MMMM

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.

More News: Market Updates | Stock Alerts | All Trading News | Stock Index

Archives

Feedback

Email Article Link

Close X

RELATED SITES

Please call 1-213-955-5858 ext. 1

All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.