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China's Ping An Insurance H1 profit up 6.5 pct on strong life premiums

SHANGHAI, Aug 17 (Reuters) - Ping An Insurance Group Co of China , the country's second-largest insurer by market value, on Thursday reported a 6.5 percent rise in first-half net profit on robust growth in life insurance premiums.

Net profit came in at 43.43 billion yuan ($6.51 billion) for the six months to June, versus 40.78 billion yuan a year ago, according to a filing with the Hong Kong stock exchange.

Its total premium income was 341.39 billion yuan in the first half of the year, according to the filing. That compared with 256.87 billion yuan in the year-ago period.

Ping An is the only Chinese and Asian insurer named along with nine others as systemically important insurers globally by the Financial Stability Board, a regulatory task force for the G20 leading economies. The failure of any one on the list could trigger a financial crisis. ($1 = 6.6721 Chinese yuan renminbi) (Reporting By Engen Tham and Matthew Miller in Beijing; Editing by Himani Sarkar)