Buyer Community> Trade Intelligence> China Biz> China Life records RMB 18.03 bln in net profit for H1
Source: China Knowledge China Knowledge

China Life records RMB 18.03 bln in net profit for H1

Published: 26 Aug 2010 01:07:31 PST
Aug. 26, 2010 (China Knowledge) - China Life Insurance Co Ltd<601628><2628><LFC>, the country's largest life insurance company, said its net profit was RMB 18.03 billion in the first six months of this year, 7.4% more than the RMB 16.8 billion recorded a year earlier, sources reported.

The result was above the average RMB 16.23 billion net profit forecast of four analysts.

Earnings per share were RMB 0.64 in the first half. As of the end of June, the insurer's total assets were RMB 1.32 trillion, up 7.7% year on year. Rate of return on investment was 2.51% in the same period, 0.58 percentage points higher than industry average.

The company's unaudited premium income reached RMB 204.6 billion in the first seven months of this year.

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