China's PICC sees premiums income rise 13.88 pct-Xinhua

China's PICC sees premiums income rise 13.88 pct

Source: Xinhua

Editor: huaxia

2022-05-15 12:25:41

BEIJING, May 15 (Xinhua) -- The People's Insurance Company Group of China (PICC), China's leading insurer, saw its premiums rise steadily in the first four months of the year.

The company's premiums reached 276.16 billion yuan (40.67 billion U.S. dollars) from January to April, an increase of 13.88 percent year on year, according to a statement filed to the Shanghai Stock Exchange.

The company's property insurance premiums hit 186.85 billion yuan during the period, up 10.3 percent from a year earlier.

Premiums for life insurance and health insurance rose to 63.23 billion yuan and 26.08 billion yuan, jumping 17.2 percent and 35.9 percent, respectively, year on year.