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China Life 2008 premium revenue up 50 pct -report

Wed Jan 7, 2009 7:45pm EST

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BEIJING, Jan 8 (Reuters) - China Life Insurance Co Ltd (2628.HK)(601628.SS), the world's largest life insurer by market value, reported 295.6 billion yuan ($43 billion) in premium revenue in 2008, an increase of 50 percent from a year ago, the official Financial News reported on Thursday.

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The China Life Insurance (Group) Co, the parent company, reported 316.4 billion yuan in premium revenue from both life and property insurance for 2008, an increase of 46 percent from a year earlier, according to the paper, which is affiliated with China's central bank.

The listed unit previously reported it had earned 2.34 billion yuan during the July-September period, down 70 percent from 7.82 billion yuan a year earlier, citing lower investment income. ($1=6.8340 yuan) (Reporting by Zhou Xin; Editing by Ken Wills)

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