China Taiping 2015 Premium Income Surged



On 13th of January 2016, China Taiping Insurance Holdings (HK00966) published 2015 China Taiping premium income data.

By 31st of December 2015, China Taiping Life, General Insurance and Pension companies premium reached 98.84 billion RMB (10.4 billion GBP), an increase of 21.56 per cent comparing with 2014. Total premium of China Taiping broke 100 billion RMB (10.41 billion GBP) barrier, total assets exceeded 400 billion RMB (41.5 billion GBP) and assets under management exceeded 600 billion RMB (62.2 billion GBP).

Daiwa Capital Markets Hong Kong recently published a report, reiterated positive view for China mainland insurance industry and reaffirmed “Buy” rating for preferred insurance company China Taiping (HK00966) at target price of 40 HK Dollars.