News: China Pacific Insurance Group Co Ltd (601601.SS)

601601.SS on Shanghai Stock Exchange

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Tue, Apr 14 2015

BRIEF-China Pacific Insurance's Q1 premium income at 62.25 bln yuan

* Says Q1 premium income at 62.25 billion yuan ($10.02 billion)

BRIEF-China Pacific Insurance Group's 2014 net profit up 19.3 pct y/y

* Says 2014 net profit up 19.3 percent y/y at 11.05 billion yuan ($1.78 billion)

Allianz hedges stake in CPIC through $700 million deal with Goldman

HONG KONG - Allianz SE struck a deal with Goldman Sachs to help the German company hedge part of its stake in China Pacific Insurance Group (CPIC) and lock in profits from two rounds of investments that Allianz made in China's third-largest insurer.

UPDATE 2-Allianz hedges stake in CPIC through $700 mln deal with Goldman

* CPIC shares close 2.9 pct down following Goldman transaction (Adds statement from Allianz in 3rd paragraph)

Allianz in $700 mln deal with Goldman to hedge CPIC stake-terms

HONG KONG, March 19 - German insurer Allianz has struck a $700 million deal with Goldman Sachs to protect most of its stake in China Pacific Insurance Group Co Ltd (CPIC), according to a term sheet of the deal seen by Reuters.

BRIEF-China Pacific Insurance's total Feb premium income at 41.6 bln yuan

* Says February premium income at 41.6 billion yuan ($6.64 billion)

BRIEF-China Pacific Insurance posts January premium income at 26.8 bln yuan

* Says January premium income at 26.8 billion yuan ($4.29 billion)

BRIEF-China Pacific Insurance's shareholder plans convertible bonds of up to 3.5 bln yuan

* Says shareholder Shanghai State-owned Assets Operation Co plans to issue up to 3.5 billion yuan ($562.79 million) bonds which can be exchanged for company's shares

BRIEF-China Pacific Insurance posts 2014 premium income of 191.5 bln yuan

* Says posts 2014 premium income at 191.53 billion yuan ($30.91 billion)

BRIEF-China Pacific posts life and property insurance units' premium income for jan-Nov

* Says life insurance unit's premium income at 94.3 billion yuan ($15.25 billion), property insurance unit's premium income at 84.5 billion yuan in Jan-Nov

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