Ping An of China releases 1Q premium income
According to the statement of Ping An of China (601318) on Dec 18th, the total premium income from the direct insurance reached CNY35.735bn in the 1Q this year, recording a 35.27% YOY increase.
In 1Q, Ping An Group's insurance subsidiaries, namely Ping An Life Insurance Co., Ltd, Ping An Property & Casualty Insurance Co., Ltd, Ping An Health Insurance Co., Ltd and Ping An Annuity Co., Ltd, recorded respectively CNY27.67277bn, CNY7.51535bn, CNY4.19mn and CNY543.17mn in direct insurance premium. Among them, Ping An Life, Ping An P&C and Ping An Health Insurance posted 31％, 43％ and 2365％ YOY growth respectively.
In the 1Q of last year, the combined premium income from the direct insurance received by Ping An of China was CNY26.418bn, to which Ping An Life, Ping An P&C and PA Health Insurance has contributed CNY21.17580bn, CNY5.24242bn and CNY170k respectively.
