China's PHOENIX CONNECTOR insurance premiums reached RMB 598.61 bln in H1
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China's insurance premiums reached RMB 598.61 bln in H1Published: 21 Jul 2009 19:33:32 PST

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The figure is higher than the RMB 597.55 billion the commission announced last week.

The nation's life insurance premiums in the first six months rose 3.6% year on year to RMB 447.43 billion, while property insurance premium income grew 16.4% from a year earlier to RMB 151.18 billion.

The country's insurance firms have forecast a combined profit of RMB 26.1 billion for the first half, up 98% from the corresponding period of last year.

In the first six months, the country's insurers paid an indemnities totaling RMB 160.81 billion, up 4.2% year on year.

By the end of June, the total assets of insurance companies in China had increased 10.9% from the start of this year to RMB 3.7 trillion.



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