China Pacific Insurance (Group) Co. said Friday its life insurance premium income in 2009 was 67.6 billion Chinese yuan ($9.9 billion).
It collected a total of CNY34.2 billion in property insurance premiums over the same period, the company said in a statement.
Shanghai-based Pacific Insurance is the country’s third-largest life insurer after China Life Insurance Co. , the biggest company in the sector, and Ping An Insurance (Group) Co. of China Ltd.
The insurer also ranks second in the country’s property insurance industry, after PICC Property & Casualty Co.
