Financial News
Written by: Kuang Yueting
2021-03-25 17:05
Last update date: 2021-03-25 17:05
China Life (2628) announced last year’s results. The net profit attributable to shareholders of the parent company was 50.268 billion yuan (RMB ‧ the same below), down 13.8% year-on-year; basic earnings per share were 1.77 yuan; final dividend per share was 0.64 yuan (tax included) ), a decrease of 12.33% from 0.73 yuan (tax included) in 2019.
During the period, total premium income was RMB612.265 billion, an increase of 8% year-on-year, setting a record high. Among them, the new single premium was RMB 193.939 billion, an increase of 6.98% year-on-year.
The total investment income realized was 198.596 billion yuan, an increase of 17.48% year-on-year, and the total investment yield rose by 0.06 percentage points to 5.3%.
China Life said that in the future, the health and elderly care sectors will become important growth points for the next round of development of the industry. The integration of the insurance industry and technology will further accelerate, and the digital transformation of the industry will further accelerate.
As the insurance market is fully opened to the outside world, the main body of the industry supply will become more abundant, and the market maturity will be further improved. China's personal insurance industry still has huge development potential and broad development space.
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China Life Insurance Company Performance
