China Life net profit surges in first three quarters

Source: Xinhua | 2019-10-30

China Life Insurance Co., one of the country's biggest insurers, said Tuesday its net profit rose 190.4 percent year on year to 57.7 billion yuan (about 8.2 billion U.S. dollars) in the first three quarters.
Its business revenue rose 15.4 percent from a year ago to 624 billion yuan, according to a report filed with the Shanghai Stock Exchange.
The company realized a total premium income of 497 billion yuan in the January-September period, up 6.1 percent over the same period last year.
Its shares closed 1.15 percent lower to 30.87 yuan on the Shanghai bourse Tuesday.