BUSINESS China Life Insurance reports premium income growth in Q1

BUSINESS

China Life Insurance reports premium income growth in Q1

Xinhua

10:01, April 20, 2020

d3047b0b84cd45f0b2e8b47529d3b4ef.jpg

File photo: CGTN

BEIJING, April 19 (Xinhua) -- China Life Insurance Co., one of the country's biggest insurers, said its premium income rose 13 percent in the first quarter of 2020.

The revenue reached about 307.8 billion yuan (about 32.56 billion U.S. dollars), increasing from 272.4 billion yuan a year ago, according to unaudited figures released by the insurer.

Last year, the insurer saw its net profits more than quadruple, according to a performance report on its website.

The premium income came in at 567.09 billion yuan in 2019, with its net profit attributable to shareholders skyrocketed 411.5 percent year on year to 58.29 billion yuan. Enditem

Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue