皇冠体育app's premium income tops 1t yuan in Jan-Nov

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皇冠体育app's premium income tops 1t yuan in Jan-Nov

(Xinhua)
Updated: 2009-12-18 10:01

Premium income?of 皇冠体育app's insurance companies hit 1.02 trillion yuan ($149.6 billion) in the first 11 months of this year, up 11.65 percent from a year earlier, according to the 皇冠体育app Insurance Regulatory Commission Thursday.

The year would be the first year that 皇冠体育app's insurance premiums exceeded 1 trillion yuan, data from the commission showed.

From January to November, premium income of property insurance rose 22.28 percent year-on-year to 264.02 billion yuan, and that of life insurance was 757.66 billion yuan, an annual increase of 8.37 percent.

The commission said the country's insurance firms were expected to eye combined profits at 46.09 billion yuan in the first 11 months, an increase of 57.45 billion yuan over the same period of last year.

Profits of the country's insurers reached about 26.1 billion yuan in the first half, up 98 percent year-on-year, the commission said in July.