China: Major insurers chalk up combined 6.6% growth from Jan-July
Source: Asia Insurance Review | Sep 2020
Five major A-share listed insurance companies in China – China Life, PICC, Ping An, China Pacific Insurance and New China Insurance – have posted a combined life and non-life premium income of CNY1674.4bn ($241bn) in the first seven months of this year. This is an increase of 6.58% compared to the corresponding period last year.
The results show that the insurers all reported growth for the first seven months of the year in aggregate, but some continued to show lower life insurance income. Ping An ranked first with a total premium income of CNY503.692bn, a year-on-year increase of 8.5%. A