BUSINESS China Life net profit more than doubles in H1

BUSINESS

China Life net profit more than doubles in H1

Xinhua

21:09, August 22, 2019

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File photo: VCG

BEIJING, Aug. 22 (Xinhua) -- China Life Insurance Co., one of the country's biggest insurers, said Thursday its net profit rose 128.9 percent year on year to 37.6 billion yuan (5.33 billion U.S. dollars) in the first half.

The company realized a total premium income of 377.98 billion yuan in H1, up 4.9 percent over the same period last year, according to a report filed with the Shanghai Stock Exchange.

Calculated with the pre-tax income of different insurance types, the net profit from life insurance rose 112.9 percent, that from accident insurance climbed 440 percent, while that from health insurance rose 1.1 percent.

Its shares closed 0.45 percent lower to 28.91 yuan on the Shanghai bourse Thursday.

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