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China Life First-Half Net Profit Dips 18.8%
First-half net profit attributable to equity holders of China Life Insurance Co. Ltd. fell 18.8% to 30.5 billion yuan ($4.4 billion). Among other things, the company said the ...
Source: BestWire   Date: August 26, 2020
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China Life First-Half Net Surges 128.9%
China Life Insurance Co. Ltd. more than doubled its net profit attributable to shareholders to 37.6 billion yuan (US$5.3 billion) in the first half of 2019. Total revenues rose ...
Source: BestWire   Date: August 26, 2019
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China Posts 15% Rise in First-Half Life Premium
Life industry's total assets amounted to 15.8 trillion yuan in the first half. The life insurance sector's premium trend has returned to a growth momentum in 2019. In the first ...
Source: BestWire   Date: August 5, 2019
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China Life Forms Partnership for Environmental Protection Projects Investment
China Life Insurance Co. Ltd. and its affiliate have formed a partnership with Xiongan Fund Management for investment in environmental protection projects in Xiongan New Area. ...
Source: BestWire   Date: July 25, 2019
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China Life Insurance Names New CFO
China Life Insurance Co. Ltd. Chief Financial Officer Zhao Lijun has resigned. Lijun, who is leaving due to what the company called a management-division adjustment, will be ...
Source: BestWire   Date: July 11, 2019
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China’s Tax Reduction Policy to Benefit Life and Health Writers
...Mattison said "the change today is not totally out of blue." But the magnitude is higher than expected. The impact on companies differs determined by their current commission ...
Source: BestWire   Date: May 31, 2019
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China’s Insurance Sector Posted a 16% First-Quarter Rise in Premium Income
Bond investment was the biggest asset class, with a total of 5.7 trillion yuan as of March 31, said the CBIRC. Equity investments totalled 2.1 trillion yuan. In 2018, China's ...
Source: BestWire   Date: May 8, 2019
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Stock Market Rally Lifts China Life’s First-Quarter Profit
News Service, March 29, 2019). (By Iris Lai, Hong Kong bureau manager: Iris.Lai@ambest.com)
Source: BestWire   Date: April 26, 2019
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China Life 2018 Net Profit Falls 64.7%
Market (Best's News Service, March 7, 2019). (By Iris Lai, Hong Kong bureau manager: Iris.Lai@ambest.com)
Source: BestWire   Date: March 29, 2019
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China’s Commitment to the Expansion of Foreign Investments Enhances Capital and Flexibility
Best Asia-Pacific Ltd. "The introduction of more foreign capital will likely enhance Chinese insurers' financial flexibility," said Chan. Regulatory initiatives to open up the ...
Source: BestWire   Date: March 15, 2019
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China Life Cleared to Issue Bonds for Capital Replenishment
China Life Insurance Co. Ltd. has received regulatory approvals to issue bonds for capital replenishment, not to exceed 35 billion yuan (US$5.3 billion). The People's Bank of China ...
Source: BestWire   Date: March 7, 2019
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China Life’s Profit to Drop Up to 70% on 2018 Investment Income Dip
China Life Insurance Co. Ltd. said its net profit is expected to drop about 50% to 70% by a range of between 16.1 billion yuan (US$2.4 billion) and 22.6 billion yuan for 2018, ...
Source: BestWire   Date: January 31, 2019
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China Pacific’s 3Q Net Profit Rises 16.4%
China Pacific Insurance (Group) Co. Ltd. reported a 16.4% rise in net profit to 12.7 billion yuan (US$1.87 billion) on a consolidated basis for the first three quarters of 2018, ...
Source: BestWire   Date: November 5, 2018
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China Life Appointed to Manage Compensation Claims for Vaccine Fraud
China Life Insurance Co. Ltd. has been appointed by the authorities to manage compensation claims related to vaccine fraud committed by Changchung Changsheng Biotechnology Co. ...
Source: BestWire   Date: October 22, 2018
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China’s Regulator Rejects China Pacific Property’s Bid to Form Nonlife Company
China Pacific Property Insurance Co. Ltd. said it terminated a plan to launch a nonlife joint venture company with Baidu Penghuan Asset Management (Beijing) Co. Ltd., after ...
Source: BestWire   Date: October 16, 2018
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Milliman: China’s Restriction of Universal Life Sales Reduced Premiums but Not Embedded Value
China's life insurance market posted growth in embedded value and value of new business to 21% and 31%, respectively, in 2017 despite regulatory restriction on universal life ...
Source: BestWire   Date: September 20, 2018
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China’s Regulator Grants Approval for Third Batch of Tax-Deferred Pension Scheme Insurers
Heng An Standard Life and BoComm Life. The CBIRC said it will closely monitor the operation of these insurers for the protection of consumer interests and industry development. ...
Source: BestWire   Date: September 13, 2018
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China’s Tax Deferred Pension Insurance Scheme Pushes Growth Potential
Willis Towers Watson China. The China Banking and Insurance Regulatory Commission has issued guidelines for the development of tax-deferred pension products and management measures ...
Source: BestWire   Date: September 6, 2018
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China Life Expands Southeast Asian Footprint to Indonesia
China Life Insurance Co. Ltd. has expanded its business in Southeast Asia with the launch of its operations in Indonesia, the company said in a statement. The Indonesian subsidiary ...
Source: BestWire   Date: August 27, 2018
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China Life Posts 34% Growth in First-Half Net Profit
Hong Kong Exchange filing. Net profit for January to June period amounted to 16.42 billion yuan (US$2.39 billion), up from 12.24 billion yuan a year earlier. The company's gross ...
Source: BestWire   Date: August 24, 2018
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