China Pacific Insurance (Group) Co, the nation's third-largest insurer, said its premium income totaled 11.8 billion yuan (US$1.6 billion) in January as economic growth boosted demand.

 

The insurer's life-insurance subsidiary earned 8.2 billion yuan in premiums last month, the company told the Shanghai Stock Exchange.

 

Its property insurance arm had premiums of 3.6 billion yuan.

 

(Shanghai Daily February 18, 2008)