FilingReader Intelligence

China Life net profit soars 131.6% in 2024

April 23, 2025 at 05:09 PM UTCBy FilingReader AI

China Life Insurance (HKEX: 2628) reported a net profit attributable to equity holders of the Company of RMB106.935 billion, a 131.6% increase compared to 2023, in its 2024 Annual Report. Total assets grew 16.7% to RMB6.77 trillion, while investment assets increased 16.8% to RMB6.61 trillion. Gross written premiums rose 4.7% to RMB671.457 million. The comprehensive solvency ratio stands at 207.76%. The company is proposing a final cash dividend of RMB0.45 per share, bringing the total annual dividend to RMB0.65 per share, a 17% payout ratio. The firm also noted a gross investment yield of 5.50% and an embedded value of RMB1.401 trillion. China Life attributed the solid performance to effective asset-liability management, diversification efforts, and cost controls. Looking ahead, the company aims to further solidify its market-leading position through high-quality development and strategic investments.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

HKEX:2628Hong Kong Exchange
Hong Kong Blue Chip

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