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HomeMarketsSharesChina Life Insurance Company Limited

Trade China Life Insurance Company Limited - 2628 CFD

China Life Company profile

About China Life Insurance Co Ltd

China Life Insurance Company Limited is a life insurance company. The Company provides a range of insurance products, including individual and group life insurance, health insurance and accident insurance products. It operates through three segments: Life Insurance, Health Insurance, and Accident Insurance. Its Life Insurance segment provides participating and non-participating life insurance and annuities to individuals and groups. Its Health Insurance segment provides short-term and long-term health insurance to individuals and groups. Its Accident Insurance segment provides short-term and long-term accident insurance to individuals and groups.

Financial summary

BRIEF: For the six months ended 30 June 2021, China Life Insurance Co Ltd revenues increased 7% to RMB544.71B. Net income increased 34% to RMB40.98B. Revenues reflect Life segment increase of 6% to RMB454.88B, Health segment increase of 8% to RMB64.69B. Net income benefited from Underwriting and policy acquisition cost decrease of 25% to RMB42.11B (expense), Net gains on investments of associates a increase of 91% to RMB7.68B (income).

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