China Life Insurance

Beijing-based China Life Insurance Co provides life insurance and annuity products. It listed in December 2003, raising US$3.5 billion.

Insurer China Life diversifies with bid for Sinopec retail unit

China Life in bid for Sinopec unit

China Life Insurance is seeking to diversify its investment portfolio by planning to invest in China Petroleum & Chemical Corp's (Sinopec) retail unit after reporting better-than-expected first-half earnings.

Thursday, 28 August, 2014, 5:03am

Strong profit growth forecast for Chinese life insurers

Profit growth at China Life is estimated to be as high as 120 per cent year on year. Photo: Reuters

The mainland's life insurers are poised to report robust growth in profit last year on the back of strong investment income, but the value of new business for most firms is expected to have remained stagnant amid fierce competition.

The reporting season for mainland insurers will begin on Thursday, when Ping An Insurance is set to release its results.

10 Mar 2014 - 11:39pm

China Life aims high with AMP joint venture

Sydney-based AMP will hold 15 per cent of China Life AMP Asset Management, with retail investors the main focus. Photo: Bloomberg

China Life, the nation's largest insurer, aims to grow a new joint venture into a "significant market participant" on the back of its extensive distribution network, its partner says, becoming the first insurer to offer mutual fund products on the mainland.

3 Sep 2013 - 3:37am

China Life profit rises 68pc

China Life Insurance warns competition will continue to put pressure on profitability. Photo: Bloomberg

China Life Insurance, the mainland's largest insurer, said its first-half net profit grew 68.1 per cent on the back of strong investment income and fewer impairments. It warned rising competition will continue to put pressure on the company's profitability.

29 Aug 2013 - 3:56am

China Life sees profit slump on investment losses

China Life sees profit slump on investment losses

China Life Insurance, the mainland's biggest insurer, said profit slumped for a second consecutive year, with net income falling 40 per cent to 11.06 billion yuan (HK$13.68 billion), or 0.39 yuan a share.

28 Mar 2013 - 6:31am

China Life Insurance expects 40pc dive in earnings

China Life reported net profit of 7.42 billion yuan for the first nine months of last year and a net loss of 2.2 billion yuan for the third quarter. Photo: Bloomberg

China Life, the world's biggest insurer by market value, blamed a drop in investment yield and an increase in impairment losses as the value of its investments fell because of continued weakness in the capital markets.

1 Mar 2013 - 5:52am

State firms line up to back PICC listing

Investors are cautious about PICC's growth strategy. Photo: Reuters

Beijing is throwing its financial muscle behind the listing of the People's Insurance Company (Group) of China (PICC), which has received record buy orders for shares from state-controlled firms.

29 Nov 2012 - 4:49am

Business Digest, October 18, 2012

BHP Billiton expects China's growth to decline to about 7 per cent to 8 per cent this year.

China Life warns of 55pc plunge in profit

18 Oct 2012 - 4:47am

China Life warns of big dent in first-half earnings

China Life Insurance, the biggest life insurer on the mainland, yesterday warned its first-half net profit would be hit by a decline in investment yield and impairment losses.

15 Aug 2012 - 11:07pm

China Life books 45.5pc profit plunge

China Life Insurance, the country's biggest life insurer, saw its net profit plunge 45.5 per cent last year to 18.33 billion yuan (HK$22.56 billion) as it made major investment losses in a wobbly capital market and saw slower growth.

The insurer now controls just 33.3 per cent of the life insurance market in the country, compared with more than 70 per cent in 2000.

27 Mar 2012 - 12:00am

China Life shares drop 11.5pc as profits plunge

China Life Insurance's shares plummeted yesterday because of disappointing half-year results and uncertain prospects for the mainland's insurance industry in the second half.

25 Aug 2011 - 12:00am

China Life net dives 61pc as stock returns decline

Quarterly profit drops to 3.5b yuan on fall in investment gain

China Life Insurance, the mainland's largest insurer, has announced an unexpected 61 per cent dive in first-quarter profit as its investment returns took a hit from the mainland's tumbling stock market.

28 Apr 2008 - 12:00am

China Life posts 94.8pc profit growth

China Life Insurance, the mainland's largest insurer, said net earnings jumped 94.8 per cent last year, lower than analysts had expected as a weaker share market weighed on an otherwise stellar performance.

26 Mar 2008 - 12:00am

Son charged with murder of mother

The son of a former chairman of China Life Insurance will appear in Eastern Court today after being charged with the murder of his mother.

Wang Zhejun, 36, is a senior manager at a Japanese insurance firm in Central. He has been detained in Castle Peak mental hospital since his arrest on Tuesday morning at his luxury flat in Star Street, Wan Chai.

28 Feb 2008 - 12:00am

China Life to double returns on loyalty policies to at least 8pc

China Life Insurance, the mainland's largest insurer, will reward policyholders by doubling the all-in returns offered on its bonus-linked policies to a minimum 8 per cent for last year, according to sources.

7 Jan 2008 - 12:00am