China Life Insurance Co., Ltd.
2823.TW
Taiwan Stock Exchange30.55
TWD
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China Life Insurance Co., Ltd.
2823.TW
(Taiwan Stock Exchange)
Recent
price
30.55
P/E
ratio
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div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- KGI Life Insurance Co., Ltd. (2823.TW), formerly China Life Insurance Co., Ltd., provides a comprehensive range of life insurance products and services primarily in Taiwan; its core offerings include individual traditional life insurance such as endowment, pure endowment, term life, and whole life policies providing survival, death, or disability benefits; individual injury insurance covering injury, disability, or accidental death; individual health insurance compensating for medical and surgical expenses from illness or accidents; interest-sensitive annuities and fixed annuities for wealth management and retirement planning with accumulated cash values and guaranteed payments; travel insurance for unexpected illness or accidental death during travel; investment-linked insurance combining protection with investments in diverse funds; group insurance encompassing term-life, injury, and health coverage for enterprises or associations; and universal life insurance offering flexible premium payments, adjustable insured amounts, and cash value accumulation for retirement and wealth management. The company, founded in 1963 as Overseas Life Insurance Corporation and headquartered in Taipei, Taiwan, operates nationwide through branch offices and agents while managing investment funds in securities, real estate, overseas markets, and loans in compliance with regulations; it serves individual and group customers targeting protection, health, retirement, and financial planning needs. In 2021, it became a wholly owned subsidiary of China Development Financial Holding Corporation (CDF) via a share swap, enhancing its integration within the CDF group; it changed its name to KGI Life Insurance Co., Ltd. in August 2023 with official activation on January 1, 2024 to align with group branding; past expansions include the 2007 acquisition of Winterthur Life Taiwan Branch, the 2009 merger with Prudential's Taiwan unit increasing agents from 3,000 to 10,000 and diversifying channels, and a 2010 investment in 19.9% stake of CCB Life in China; it also acquired traditional policies from Allianz Taiwan Life Insurance Co., Ltd. with regulatory approval around 2018, bolstering its policyholder base.