Company reported a net profit of RMB8.73 billion for the first half of 2009
China Life Insurance, the parent of China Life Insurance Company, has reported a net profit of RMB8.73 billion for the first half of 2009, an increase of 43% over the corresponding period of 2008 – reported in Trading Markets.
The company has extracted premium revenue of RMB186.5 billion in the first half of 2009, a decrease of 4.6% compared to RMB195.5 billion in the same period of 2008.
The premium revenue earned in the first half represents nearly 30.7% of the total premiums of the insurance sector in China, according to reports.
The group’s premium income increased 46.81% year-on-year, to about RMB195.46 billion in the first half of 2009.
Total assets of the company at the end of June 2009, were RMB1.42 trillion, an increase of 10.8% over the same period of 2008.