China Life Insurance’s net profit up 34.2 pct in H1

12

 

Beijing

China Life Insurance Co., one of the country’s biggest insurers, pocketed 40.98 billion yuan (6.32 billion U.S. dollars) of net profit in the first half of the year, up 34.2 percent from the same period last year. The insurer’s premium income hit 442.3 billion yuan in the first half of the year, up 3.5 percent year on year.

Its total assets reached 4.65 trillion yuan at the end of June, up 9.4 percent from the end of 2020. The total investment return rate was 5.69 percent, up 35 basis points from the same period in 2020.— Xinhua

Previous articleVoice of the People
Next articleBSTDB allocates over 140m euros to Azerbaijan