Ping An of China 2010 Premium Income Topped CNY200bn
Written by Cody Liddell on January 21, 2011 – 3:59 amPing An Insurance (Group) Company of China Ltd. (SHSE: 601318, SEHK: 2318) recorded more than CNY 226.56 billion in premium revenue in 2010 in terms of the standards prior to new accounting principles, according to an announcement it posts on January 18.
The premium income from Ping An’s life insurance, property insurance, health insurance and endowment insurance units stood at over CNY 159.06 billion, about CNY 62.12 billion, nearly CNY 200 million and more than 5.18 billion entire last year respectively. The four figures went up by roughly 20.2 percent, 61.4 percent, 109.7 percent and 145.7 percent compared to 2009 separately.
The four units brought in an original premium income of CNY 92.645 billion, CNY 62.12 billion, CNY 62.19 million and CNY 4.17 billion respectively in accordance with new accounting standards in the full 2010.
Ping An Insurance (Group) Company of China Ltd. closed up 0.3 percent at CNY 50 a share on the Shanghai Stock Exchange but closed down 0.49 percent at HKD 81.85 a share on the Stock Exchange of Hong Kong .
Tags: Premium, Premium Income
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