China Life Insurance H1 Profit Surges 7.4Pct

»China Life Insurance (601628.SH/02628.HK), the country’s largest insurer,
said Wednesday its first-half net profit surged 7.4 percent boosted by income
from rebounding premium and investments.

»Net profit for the first six months hit 18.03 billion yuan (2.67 billion
U.S. dollars), and total assets reached 1.32 trillion yuan by the end of June, a
gain of 7.7 percent year-on-year, the company said in a statement filed to the
Shanghai Stock Exchange.

»Premium income rose at a lower-than-average pace of 13.3 percent from the
previous year to 183.59 billion yuan in the first half, the company said.

»Meanwhile, China Life Insurance posted a 32.37 billion yuan in investment
income in the first half during market turbulence. The rate of return on
investment stood at 2.51 percent, above the industry average.