Ping An of China Earned a Premium Income of RMB14.5bn in Jan, up 49.33% YOY

As posted by Ping An of China on Feb.15, PA Life, PA P&C, PA Health and PA Annuity under the Group have realized premium income of RMB14.519bn all together from direct insurance, up 49.33% YOY from RMB9.723bn. 

According to the announcement, during the period from Jan.1, 08 to Jan.31, 08, the accumulated premium incomes from direct insurance for PA Life, PA P&C, PA Health and PA Annuity was RMB10.82009bn, RMB3.17678bn, RMB2.71mn and RMB519.60mn respectively. Compared with the same period last year, PA Life's premium increased 43% this Jan., PA P&C gained 47.8% and PA Health jumped more than 4400%. 

It was leaned that in Jan. of 2007, the premium incomes for PA Life, PA P&C and PA Health was RMB7.57371bn, RMB2.14920bn and RMB60k respectively. 

According to Ping An of China, its premium income in Jan. registered a rapid YOY increase, showing that under the clear-cut strategic guidance, the Company’s underlying fundamentals were very sound, with robust growth momentum for the core business. In recent years, various core business indicators of Ping An have always maintained a favorable growth momentum, with the profitability structure continuing to be optimized. In the foreseeable future, the financial and insurance sectors of China will maintain a favorable growth momentum and great market potential. Ping An of China will seize each and every market opportunity, speed up its own development and realize its strategic goal of a world-leading integrated financial group ahead of time.