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China Life Insurance reports premium income growth in 2020

Abstract : China Life Insurance Company Limited, one of the country's biggest insurers, posted premium income growth in 2020.

BEIJING, March 28 (Xinhua) — China Life Insurance Company Limited, one of the country’s biggest insurers, posted premium income growth in 2020.

The company’s premium income totaled approximately 604.67 billion yuan (about 92.49 billion U.S. dollars) last year, up 7.9 percent year on year, said the insurer in a statement filed with the Shanghai Stock Exchange.

In breakdown, its premium income from life insurance, health insurance and accident insurance schemes rose 7.6 percent, 9.6 percent and 6.6 percent, respectively.

The insurer’s net profit attributable to shareholders topped 50.26 billion yuan in 2020. Enditem

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Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal.China’s silk road economic belt and the 21st century maritime silk road website,includes BRI Policy,BRI Trade,BRI Investment,Belt and Road weekly,Know Belt and Road,and the integrated information services for the Belt and Road Initiative (BRI).

Source: China Life Insurance reports premium income growth in 2020

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