LINE

Text:AAAPrint
Economy

China Life reports higher profits in H1

1
2017-08-26 15:24Xinhua Editor: Gu Liping ECNS App Download

China Life, the country's biggest life insurer, has said its net profit surged 17.8 percent year on year in the first half due to strong investment income.

Profits during January-June stood at 12.24 billion yuan (1.85 billion U.S. dollars) due to good investment income and improvement in business structure, the company said in a statement.

Sales revenue hit 401.42 billion yuan in the first six months, up 17.8 percent from the same period a year ago. Premium revenue surged 18.3 percent to 345.97 billion yuan.

Its market share stood at 19.38 percent, securing its top place in the industry.

China's insurers have shown strong performance in the first half after the government crackdown on selling short-term products, which led to the fall of the chief insurance regulator.

  

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.