Money

PICC premium income surges

(China Daily)
Updated: 2011-05-19 15:26

PICC Group, China's second-largest insurance group, saw its premium income standing at 110.1 billion yuan ($16.6 billion) on Monday, exceeding the total for the whole of 2010, the company's management said on Tuesday.

"The group's profitability has reached a record high," said Zhou Shurui, supervisory chairman. The group has been preparing for listings on both the H- and A-share markets, and will introduce strategic investors within one to two months.