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China: Ping An 2013 gross premium totals $44.36 billion


Ping An Insurance (Group) Co. of China Ltd. posted a total gross premium of 268.7 billion Chinese yuan ($44.36 billion) during 2013, an increase of 15.03% year on year, Chinese news website Hexun.com reports.

Premiums posted by the insurer's property/casualty arm Ping An Property & Casualty Co. Ltd. totaled CNY 115 billion ($19 billion).

The insurer is expected to post a property/casualty combined ratio of 96.5 during the period.

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