China Life Insurance Q1 revenue up 8.2 pct

Source: Xinhua | 2020-04-27

China Life Insurance Co., one of the country's biggest insurers, saw its business revenue rise 8.2 percent year on year to 337.8 billion yuan (about 47.7 billion U.S. dollars) in the first quarter of the year.

Its net profit attributable to shareholders stood at 17.1 billion yuan, declining by 34.4 percent from a year earlier, according to a report filed with the Shanghai Stock Exchange.

The company raked in a total premium income of 307.8 billion yuan in the period, up 13 percent over the same period last year.

Revenue from its core businesses maintained steady growth and sustained a sound momentum in Q1, despite the impact from the novel coronavirus outbreak, it said.