China United Property reports income growth
Updated: 2013-05-13 14:09
By Hu Yuanyuan (chinadaily.com.cn)
China United Property Insurance Co Ltd, the country's second-largest non-life insurer in terms of capital, reported a 25.8 percent increase in income in the first four months this year, the company said.
The insurer realized premium income of 10.68 billion yuan ($1.7 billion) during January-April, with year-on-year growth rate 8.1 percentage points higher than the industry's average.
As a non-life insurer specializing in agriculture, its premium income from agriculture insurance hit 1.95 billion yuan in the first four months, up 143 percent over the same period last year.