August 15, 2011 (Chinavestor) China Life Insurance (NYSE:LFC), the largest Chinese life insurer, reported accumulated net premium income , e.g. life insurance sold, of RMB215.3 million ($33.67 billion) for the January - July, 2011 period.
This comes out to RMB19.8 billion ($3.12 billion) for July 2011, down from RMB21.0 billion in 2010. But the good news is that for all of 2011 China Life Insurance (NYSE:LFC) is ahead of its 2010 numbers thanks to a record June 2011.
Shares of China Life Insurance (HKG:2626) jumped 5.86% in Hong Kong on Monday while smaller rival with Ping An Insurance (HKG:2318) surged 8.53%. Chinese insurers fell hard earlier the month but saw a strong technical bounce back on Monday.