China Life Insurance Co Ltd operates within the Life insurance sector.
In addition to historical fundamental analyses, the complete report available to purchase compares China Life Insurance Co Ltd with three other
companies in this sector in China:
China Pacific Insurance (Group) Company Limited
sales of 356.25 billion Chinese Renmimbi [US$50.06 billion]
of which 69%
was Life Insurance),
Ping An Insurance (Group) Company Of China Ltd
(1.09 trillion Chinese Renmimbi [US$153.49 billion]
of which 43%
was Life and health insurance), and
New China Life Insurance Co Ltd
(154.08 billion Chinese Renmimbi [US$21.65 billion]
of which 78%
was Individual Insurance).
During the year ended December of 2018, sales at
China Life Insurance Co Ltd were 653.90 billion Chinese Renmimbi (US$91.88 billion).
increase of 2.2%
versus 2017, when the company's sales were 639.93 billion Chinese Renmimbi.
This was the fifth consecutive year of sales increases at China Life Insurance Co Ltd
(and since 2013, sales have increased a total of 55%).
Sales of Health saw an increase
that was more than double the company's growth rate: sales were up
22.7% in 2018, from
69.12 billion Chinese Renmimbi to 84.82 billion Chinese Renmimbi.
China Life Insurance Co Ltd also saw significant increases in sales in
Others (up 8.2% to 9.70 billion Chinese Renmimbi)
Not all segments of China Life Insurance Co Ltd experienced an increase in sales in 2018:
sales of Life fell 5.9% to 519.29 billion Chinese Renmimbi.