China Life Insurance Co. Ltd. Class A

China Life Insurance Co. Ltd. Class A

3.04
EUR
-0.03
(-0.91%)
133.30BMarket Cap
Oct 30Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
9.34
9.78
11.17
11.73
14.15
13.59
16.18
17.98
18.8
18.27
8.76
11.32
13.38
- -
Basic EPS, GAAP
0.55
0.71
0.76
0.41
0.71
0.24
1.28
1.11
1.13
0.71
1.13
2.36
3.41
- -
Free Cash Flow per Basic Share
1.43
1.62
-0.6
1.81
4.19
2.74
6.04
6.53
6.23
7.75
8.4
8.28
10.1
- -
Dividend per Share
0.18
0.29
0.35
0.37
0.28
0.34
0.18
0.55
0.59
0.59
0.49
0.59
0.59
0.91
Book Value per Share
4.87
6.28
7.13
6.71
7.1
7.04
8.93
9.95
10.59
9.65
7.25
11.27
13.16
14.69
Tangible Book Value per Share
4.73
6.14
7
6.58
6.96
6.86
8.75
9.77
10.41
9.46
7.06
11.09
12.98
14.51
Basic Weighted Avg Shares
45,020
45,202
45,500
46,362
45,661
46,742
45,485
45,423
45,119
45,021
45,239
45,257
45,227
13,631
Sales/Revenue/Turnover
420,488
441,862
508,383
543,916
646,037
635,270
736,000
816,677
848,111
822,305
396,474
512,202
605,114
- -
Operating Margin (%)
6.26
9.14
9.03
4.38
6.45
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
1,880
2,007
1,913
1,928
2,042
2,380
4,043
4,749
4,939
4,928
5,016
5,029
4,892
- -
Net Income, GAAP
24,765
32,211
34,699
19,127
32,253
11,395
58,287
50,257
50,766
32,082
51,184
106,935
154,078
- -
Effective Tax Rate (%)
15.09
19.52
23.39
17.86
21.4
14.26
1.31
5.7
- -
- -
- -
5.44
13.81
- -
Profit Margin (%)
5.89
7.29
6.83
3.52
4.99
1.79
7.92
6.15
5.99
3.9
12.91
20.88
25.46
- -
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
67,985
70,612
70,637
53,437
18,014
19,157
57,011
55,571
54,922
49,340
48,973
49,205
36,784
37,101
Total Equity
222,585
287,331
326,214
307,648
325,310
323,290
409,342
456,937
487,134
445,121
337,716
521,248
608,393
677,896
Return on Invested Capital (%)
6.56
9.72
8.97
4.54
8.54
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
9.61
11.01
9.94
5.95
10.02
4.18
15.23
10.73
- -
- -
- -
21.92
24.94
- -
Return on Common Equity (%)
11.22
12.77
11.44
6.11
10.33
3.56
16.14
11.77
10.93
7.01
13.4
25.54
27.89
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
6
6
6
LT Borrowings
35,245
35,431
35,690
LT Finance Leases
1,539
1,480
1,411
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
45,217
45,217
45,217
Market Capitalization
1,135,043
971,951
1,033,223

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
143,319
137,688
149,031
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
6
6
6
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.26%
8.99%
16.72%
Free Cash Flow
-14.19%
9.68%
21.89%
Net Income, GAAP
53.36%
35.35%
44.09%
Sales/Revenue/Turnover
4.73%
-0.73%
18.14%
Total Cash Common Dividend
16.79%
2.16%
-1.16%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
116,881
108,861
189,866
96,594
512,202
2025
105,747
124,770
- -
80,539
605,114
2026
90,139
333,627
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.46
5.22
1.47
0.69
2.36
2025
0.64
3.97
- -
-4.44
3.41
2026
0.43
36.45
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.07
0.7
0.29
2.32
0.59
2025
0.04
0.62
- -
2.73
0.59
2026
0.03
0.8
- -
- -
- -

Company Description

CEO
Ming Guang Li
Full Time Employees
97,505
Sector
Finance
Industry
Multi-line insurance
Address
16 Financial Street Beijing BE China 100033
IPO Date
Dec 18, 2003
Business
China Life Insurance Company Limited (601628.SS) operates as China's largest life insurer, primarily engaged in underwriting life, health, accident, and other personal insurance products; offering individual and group policies including participating and non-participating life insurance, annuities, critical illness protection, children/women/old-age security, medical, and accident coverage; and providing short-term and long-term health and accident insurance to individuals and groups through channels such as exclusive agents, bancassurance, and other platforms. Founded in 1949 and headquartered in Beijing, the company functions as a subsidiary of China Life Insurance (Group) Company, commanding approximately 16% market share in China's life insurance sector as of end-2024, with operations concentrated in the People's Republic of China across segments encompassing life insurance, health insurance, accident insurance, and other businesses. In recent developments, China Life undertakes a major corporate reorganization including manpower changes to drive future transformation, as announced in late 2024; reports first-half 2025 profit growth with new business value expanding 20.3% and gross written premiums rising 7.3% amid improved investment returns; advances agency restructuring that boosts productivity and supports long-term growth; reissues CNY35 billion in capital supplementary bonds in September 2024 to maintain a low financial leverage ratio of 3.1%; and focuses on building a senior-care ecosystem while reforming its agent team.

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