Home / Business / Finance Tools: Save | Print | E-mail | Most Read
China Life records premiums of 170 bln yuan in 1st 10 months
Adjust font size:

China Life, the country's largest life insurer, announced Monday that it took in 170.1 billion yuan (US$22.9 billion) in the first ten months of this year.

 

But the corporate announcement did not reveal how the figure compared with the level in the same period of last year.

 

According to China Life's website, the Shanghai-listed company accumulated 200 billion yuan in premiums for the whole of last year.

 

The life insurer's gross assets have amounted to 1.03 trillion yuan, or 42 percent of the total of all insurers on the Chinese mainland.

 

Earlier reports said China Life generated 24.7 billion yuan of net profit in the first three quarters of this year, and the earning per share (EPS) reached 0.87 yuan.

 

China Life reported a net profit in the third quarter alone of 7.8 billion yuan, and premium income as the major source of the company's operating income, making up 71.2 percent of the total.

 

It is expected that the EPS of the company will be 1.35 yuan in2007 and 1.9 yuan in 2008.

 

(Xinhua News Agency November 19, 2007)

Tools: Save | Print | E-mail | Most Read

Comment
Username Password Anonymous
China Archives
Related >>
Most Viewed >>
- Gold futures jumps to daily limit upon debut
- Chinese economy in 2007
- Survey: B2B transaction volume up 25.5% in 2007
- Policy bank eyes rail project stake
- China Eastern not to ally with Air China

Nov. 1-2 Tianjin World Shipping (China) Summit
Nov. 7-9 Guangzhou Recycling Metals International Forum
Nov. 27-28 Beijing China-EU Summit
Dec. 12-13 Beijing China-US Strategic Economic Dialogue

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?