Statistics

China Life Jan-April premiums up 5.5%

(Xinhua)
Updated: 2010-05-18 09:52

China Life Insurance (Group) Company, the country's top insurer, announced Tuesday its premium income topped 132.9 billion yuan ($19.5 billion) in the first four months of the year, up 5.48 percent year-on-year.

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The company made the announcement in a document filed to the Shanghai Stock Exchange. But the Beijing-based insurer did not specify why premium income rose.

The company's net profit rose 66.6 percent year-on-year to 10.21 billion yuan in the first quarter of the year.

The insurer's A-share price shed 5.56 percent to 23.97 yuan per share Monday as the benchmark Shanghai Composite Index slumped 5.07 percent to its lowest level in almost a year.