1. People's Republic of China Stocks

  2. •

    Financial Services

  3. •

    Insurance - Life
New China Life Insurance Company Ltd.

New China Life Insurance Company Ltd.

NWWCF
New China Life Insurance Company Ltd.US flagOther OTC
6.31
USD
-0.24
- -
28.84BMarket Cap
New China Life Insurance Company Ltd.
NWWCF
(Other OTC)

Recent

price

6.31

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
85.24
48.38
37.47
41.5
45.65
50.67
46.69
46.22
49.3
55.83
66.09
71.14
34.26
22.45
21.81
48.71
39.94
Revenue per Share
1.87
1.24
0.94
1.42
2.05
2.76
1.58
1.73
2.54
4.67
4.58
4.79
6.89
2.79
8.41
11.63
9.62
Basic EPS, GAAP
50.86
24.11
16.96
17.41
7.29
1.6
1.73
1.24
1.91
11.89
20.55
22.62
27.79
28.65
30.52
35.08
-0.25
Free Cash Flow per Basic Share
- -
- -
0.31
0.24
0.38
0.51
0.58
0.69
0.57
0.82
1.41
1.57
1.55
1.2
1.51
3.85
1.57
Dividend per Share
3.89
3.92
3.17
4.31
5.78
7.8
8.78
9.74
11.07
13.86
15.72
17.77
25.65
30.5
35.69
41.55
37.59
Book Value per Share
5.42
13.84
11.47
12.14
14.98
18.02
18.33
19.89
19.86
25.9
31.38
33.56
30.12
32.35
29.57
34.76
25.56
Tangible Book Value per Share
1,203
2,257
3,120
3,114
3,125
3,116
3,128
3,112
3,119
3,118
3,121
3,120
3,120
3,123
3,119
3,120
3,112
Basic Weighted Avg Shares
102,513
109,209
116,921
129,230
142,648
157,918
146,025
143,810
153,763
174,065
206,275
222,002
106,893
70,100
68,014
151,980
124,296
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
181
201
226
297
359
404
466
564
1,113
1,262
1,518
1,617
1,784
1,770
1,738
1,691
- -
Depreciation Expense
2,249
2,799
2,933
4,422
6,406
8,601
4,942
5,383
7,922
14,559
14,294
14,947
21,500
8,712
26,229
36,284
29,945
Net Income, GAAP
0.22
14.5
- -
10.79
17.67
26.99
23.74
26.55
24.61
- -
7.71
4.59
2.6
- -
6.78
10.45
7.65
Effective Tax Rate (%)
2.19
2.56
2.51
3.42
4.49
5.45
3.38
3.74
5.15
8.36
6.93
6.73
20.11
12.43
38.56
23.87
24.09
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
- -
5,000
15,000
15,000
19,000
19,000
14,000
4,000
4,000
961
11,064
11,040
10,855
21,022
31,099
20,800
20,910
LT Debt
6,573
31,313
35,878
39,318
48,364
57,841
59,125
63,723
65,596
84,461
101,680
108,514
97,996
105,092
96,269
111,578
83,438
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
50.44
30.2
- -
16.58
19.56
21.4
11.66
14.2
21.74
- -
27.4
23.6
121.35
- -
20.27
24.77
44.94
Return on Capital (%)
59.55
41.42
31.3
37.94
40.71
40.61
19.09
18.63
24.43
37.46
30.99
28.6
31.74
9.94
25.4
30.12
27.24
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
- -
- -
- -
LT Borrowings
30,384
30,605
20,228
LT Finance Leases
715
693
682
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
3,120
3,120
3,120
Market Capitalization
45,675
83,588
110,392

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
38,461
41,664
32,580
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.39%
2.35%
15.9%
Free Cash Flow
68.64%
11.49%
14.96%
Net Income, GAAP
32.39%
45.67%
38.34%
Sales/Revenue/Turnover
7.14%
8.36%
123.45%
Total Cash Common Dividend
29.85%
33.66%
155.54%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
25,697
15,174
50,307
24,478
68,014
2025
14,294
35,217
18,971
- -
151,980
2026
20,613
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.58
- -
- -
- -
8.41
2025
1.89
- -
- -
- -
11.63
2026
2.08
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
- -
- -
- -
1.51
2025
0.14
- -
- -
- -
3.85
2026
0.08
- -
- -
- -
- -
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Business
New China Life Insurance Company Ltd. (NCI) is a leading nationwide life insurance provider in China that offers a comprehensive range of life, health, and accident insurance products and services to individual and institutional customers through diversified channels including agents, bancassurance, and digital platforms; it operates three main segments encompassing traditional insurance, participating insurance, and other businesses such as asset management, investment-linked products, wealth management, electronic commerce, medical services, and real estate development and leasing. Founded in September 1996 and headquartered in Beijing with its registered office in Yanqing District, the company serves over 31 million individual customers and 78,000 institutional clients nationwide via extensive marketing networks and subsidiaries including New China Asset Management Co., Ltd., New China Pension Co., Ltd., Xinhua Jiayue Healthcare and Old-age Care Industry (Beijing) Co., Ltd., and New China Electronic Commerce Co., Ltd.; it manages investment assets exceeding RMB1.6 trillion and supports national strategies in areas like pension finance, green finance, inclusive finance, technology finance, and rural revitalization. In recent developments, NCI launched over 58 new insurance products in 2024 including upgrades to its "Multiple Protection" and "Health Guard" series as well as participating insurance policies with a "guaranteed + variable" model since September 2024; it formed strategic partnerships with Huize Holding Limited to co-develop customized annuity products "Bliss" in July 2024 and "Bliss No.2" in September 2024, enhancing digital distribution and retirement solutions; the company increased shareholdings in high-dividend assets such as BEIJING ENT in March 2025 and co-established a RMB50 billion private securities investment fund focused on high-quality listed companies; it also expanded its service ecosystem with brands like "Xinhua Zun" for high-net-worth clients, "Xinhua An" for home-based elderly care, "Xinhua Rui" for inclusive services, and "Xinhua Yue" for travel-based healthcare across 21 communities in 16 cities, while achieving record gross written premiums of RMB170.5 billion, net profit of RMB26.2 billion, and value of new business of RMB6.3 billion in 2024 amid robust investment yields of 8.5%.

Company News

APIChat

  • seekingalpha.com

    New China Life Insurance Company Ltd. (NWWCF) Q4 2025 Earnings Call Transcript

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    New China Life Insurance (NWWCF) Expected to Announce Earnings on Friday

  • investopedia.com

    The 5 Biggest Chinese Insurance Companies