China’s leading three life assurers...
... saw premiums in the first quarter rise 7% to CNY163.6bn ($23.9bn), compared with premiums of CNY152.7bn in the same period last year. China Life’s premiums were CNY104.0bn, up 1.8% year on year. Ping An’s life premiums rose 43% to CNY39.67bn. China Pacific recorded premiums of CNY19.9bn, down 13% from CNY22.8bn in the same period last year. The relatively weak performance of China Pacific was attributed to a recent restructuring of the company’s product lines.