China Life 2008 premium income jumps 50% to $43.2 billion

HONG KONG -- China Life Insurance Co said Thursday its premium income for 2008 amounted to 295.6 billion yuan ($43.23 billion), an increase of about 50% from a year earlier. The disclosure was made to the Hong Kong Stock Exchange after the close of trade Thursday. China Life, the mainland's largest insurer, had premium income of 196.6 billion in 2007. Shares of China Life ended 2.4% lower in Hong Kong.

(MarketWatch)