The People’s Insurance Company (Group) of China Limited (PICC), a top integrated insurer in the country, raked in CNY 264.7 billion total revenue in 2010, expanding by 37 percent year on year; its total premium income came to CNY 246.4 billion and entire profit hit a record high last year.

PICC Property and Casualty Company saw premiun revenue reach more than CNY 150 billion and the premium income from Auto Insurance exceed CNY 100 billion in 2010. Its branches in Jiangsu, Guangdong and Hebei became the first province-level non-life insurance businesses made over CNY 10 billion premium income nationwide last year.

PICC life insurance Company maintained the sixth place among peers in the country in terms of 7.9 percent of the market it captured. The life insurance company brought in CNY 84.514 billion premium revenue in 2010, leaping by 58.9 percent over a year earlier, and the growth rate was about 28 percentage points higher than the average of the sector, according to sources from the insurance group.

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