皇冠体育app

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Related readings: 1Q insurance premiums up 23% Insurance agencies post US$20.57b premiums

Taikang Life Insurance Company recorded a premium income of 8.8 billion yuan (US$1.14 billion) in the first quarter of this year, an increase of 41 percent over the same period a year earlier, according to data from 皇冠体育app's insurance regulator.

The 皇冠体育app Insurance Regulatory Commission data showed Taikang's rival, New 皇冠体育app Life, posted a premium income of 7.75 billion yuan in the first three months, up 1.53 percent, but far below the growth rate of 皇冠体育app's life insurance premiums of 19 percent during the same period.

The quarterly results led to New 皇冠体育app Life dropping out of fourth position in the country's life insurance market in terms of premium income. Taikang Life replaced it in fourth place, up one spot, while 皇冠体育app Life, Ping An Insurance and 皇冠体育app Pacific took the first three places.