国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Global EditionASIA 中文雙語(yǔ)Fran?ais
Business
Home / Business / Finance

PICC reports 4.7% rise in premium income

chinadaily.com.cn | Updated: 2019-03-26 11:19
Share
Share - WeChat
A view of a branch of the People's Insurance Co (Group) of China in Ji'nan, East China's Shandong province, July 28, 2016. [Photo/IC]

The People's Insurance Co (Group) of China Ltd, one of China's largest insurers, saw a 4.7 percent year-on-year increase of premium income to 498.6 billion yuan ($76.3 billion) last year, largely fueled by property insurance, according to the annual results its top management announced on Monday.

The company's premium income from property insurance reported an annual growth of 11 percent last year, reaching 388.8 billion yuan, according to Bai Tao, the president of PICC group.

"Despite the slump in China's new car sales last year, PICC's premium income from motor vehicle insurance totaled 258.9 billion yuan, up 3.9 percent compared with the year before," Bai added.

"Premium income from our non-motor insurance business surged 28.5 percent during the same period, reaching 129.9 billion yuan, mainly led by accidental injury and health insurance and credit guarantee insurance, which grew by 32 percent and 134 percent, respectively, in premium income."

According to Zhang Xiaoli, vice-president of PICC Property and Casualty Co Ltd, a key subsidiary of PICC group, the rapid premium growth of non-motor insurance was partly attributed to the company's effective marketing strategies.

The company's premium income from life insurance and health insurance, however, saw a year-on-year decline of 11.8 percent and 23.1 percent last year, reaching 93.7 billion yuan and 14.8 billion yuan, respectively.

After going public in Hong Kong in 2012, the insurance giant returned to the A-share market last year, becoming China's fifth insurance company listed on both the A-share and H-share market.

With total assets of 1.03 trillion yuan, PICC reported net profit of 13.45 billion yuan last year, down 19.2 percent from the previous year, partly hit by declining investment returns, the company's report said.

"Generally speaking, this year PICC's focus is to foster strengths and avoid weakness," said Miao Jianmin, chairman of PICC group. "We will maximize the advantages of our brand images, teams and market share, while accelerating market-oriented reform and embracing cutting-edge technologies to overcome our shortcomings."

Li Jingya contributed to this story.

Top
BACK TO THE TOP
English
Copyright 1994 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
通城县| 繁昌县| 铜鼓县| 改则县| 安顺市| 丰都县| 孟津县| 洮南市| 黄大仙区| 革吉县| 高密市| 行唐县| 文山县| 乐安县| 呼图壁县| 安阳县| 清水县| 建宁县| 巴楚县| 潜山县| 左贡县| 库伦旗| 保康县| 台南县| 山东省| 黔西县| 新河县| 镇平县| 玉龙| 桓台县| 堆龙德庆县| 称多县| 吕梁市| 招远市| 河池市| 温泉县| 平泉县| 扬州市| 宁阳县| 贵阳市| 乌鲁木齐县|