BEIJING, Oct. 30 (Xinhua) -- China Pacific Insurance (Group) Co., Ltd., one of China's insurance giants, reported an 80.2-percent surge in net profit in the first three quarters.

File photo: VCG

The company raked in 22.91 billion yuan (3.24 billion U.S. dollars) in net profit, with revenue rising 7.4 percent year on year to 311.23 billion yuan, according to the company's report filed with the Shanghai Stock Exchange Wednesday.

Specifically, premium income of the company reached 286.82 billion yuan, up 7.7 percent from a year earlier, while the group's assets stood at 1.37 trillion yuan at the end of September, up 11.1 percent from a year earlier.

China Pacific Insurance shares on the Shanghai bourse dropped 0.35 percent to 34.55 yuan Wednesday.