• Thu
  • Sep 18, 2014
  • Updated: 5:28pm

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 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

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

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, 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 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, 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

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

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