China Taiping Insurance Group Co. brought in more than CNY 43.8 billion premium revenue from public and non-public vehicles in 2010, leaping by 40 percent year on year, chairman Lin Fan disclosed in a January 23 interview. The group grew total assets and net assets to CNY 136.8 billion and CNY 16.8 billion as of last year-end, and the two figures went up by 31 percent and 15 percent over a year earlier respectively; the group saw aggregate assets stand at CNY 138.5 billion. China Taiping Insurance Holdings Company Limited (SEHK: 0966), a listed unit of the insurance group, recorded HKD 603 million net profit in the first half of 2010, up 9.6 percent from HKD 550 million in the period of a year ago, according to its interim results. The Hong Kong traded insurer pulled in HKD 1.97 billion investment income, rising by 16.4 percent over the prior year respectively. China Taiping Insurance Holdings Company closed up 3.26 percent at HKD 22.15 a share on the Stock Exchange of Hong Kong on January 24.
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