TABLE-China Pacific Insurance Q1 profit jumps 34 pct

SHANGHAI, April 22 (Reuters) - Quarter ended March 31, 2008.

(in millions of yuan unless stated, against 2007 figures):

Q1 2008 Q1 2007

Turnover 33,532 vs 21,098

Net profit 1,790 vs 1,337

Earnings per share (yuan) 0.23 vs 0.27

Net assets per share (yuan) 7.15 vs N/A

Company: China Pacific Insurance Group Co Ltd (601601.SS: Quote, Profile, Research, Stock Buzz) is
the country's third-biggest life insurer. It raised 29.03 billion
yuan ($4.15 billion) in its domestic initial public offering in
late 2007.

Note: The results were unaudited and compiled under domestic
accounting standards.

The company's quarterly results showed its insurance premium
income surged 62.8 percent year on year to 26.92 billion yuan in
the first three months of this year, while investment returns
rose 77 percent to 7 billion yuan.

Earlier this month, the company posted a nearly seven-fold
increase in its 2007 annual net profits.

It said in the annual report that it was preparing for a share
sale in Hong Kong but did not provide a time table. The company's
Hong Kong IPO, which had been expected to raise roughly $4
billion, has been delayed due to poor market conditions.

It booked 27.01 billion yuan in investment returns for the
whole of 2007, up sharply from 9.11 billion yuan a year earlier.
Insurance premium rose 32.5 percent to 74.24 billion yuan last
year.

(Reporting by Charlie Zhu; Editing by Anne Marie Roantree)