BUSINESS China Life net profit more than doubles in H1


China Life net profit more than doubles in H1


21:09, August 22, 2019


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.

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