Profits leap by a third in 2001

1 March 2002

China's insurance industry made profits totalling Yn5.06bn in 2001, up 34.9 per cent from 2000, Xinhua reported. The report did not say whether the figure was net profit, but said that the growth was helped by a strong economy. Premium income reached Yn210.9bn last year, up an annual 32.2 per cent for the highest growth in recent years. Of the total, life insurance premiums were Yn142.4bn, up 42.8 per cent year-on-year. Property insurance premiums rose to Yn68.54bn, up 14.6 per cent.