China Life Insurance annual net profit up 7 per cent, powered by strong revenue growth

PUBLISHED : Wednesday, 23 March, 2016, 10:49pm
UPDATED : Wednesday, 23 March, 2016, 10:49pm


China Life Insurance, the nation’s largest life insurer, unveiled a 7.1 per cent increase in 2015 net profit to 34.7 billion yuan (HK$41.6 billion), as revenue grew 15.1 per cent to 507.45 billion yuan. New business surged 35.6 per cent on year to 31.53 billion yuan. The insurer had a market share of 23 per cent in 2015 based on China Insurance Regulatory Commission’s premium data. A final dividend of 42 fen per share was proposed, up from 40 fen in 2014. - Eric Ng