Hong Kong-listed insurer China Life Insurance Company reported that its accumulated premium income for the first two months of 2018 fell 18.6% year-on-year.
China Life Insurance said that its accumulated premium income fell to RMB154.6 billion (US$24.43 billion) from RMB189.9 billion (US$30.03 billion) one year ago, reported Nikkei.
By contrast, another Hong Kong-listed insurer, China Pacific Insurance (Group) Co., reported a 21.1% increase in gross premium income for its life insurance unit from January-February.
The insurer brought in RMB64.96 billion (US$10.27 billion), up from RMB53.62 billion (US$8.48 billion) in the previous year, it said in an exchange filing. China Pacific Property Insurance also experienced a 17.77% bump in its accumulated gross premium income to RMB20.14 billion (US$3.19 billion) from RMB17.10 billion (US$2.7 billion) a year earlier.
