China Life Insurance released its semi-annual report for 2024 on August 29, 2024, showing that the company's total assets amounted to 6.22 trillion yuan, a 10.1% year-on-year increase. Among them, investment assets reached 6.09 trillion yuan, an increase of 12.5%. Shareholders' equity attributable to the parent company's shareholders increased by 50.7%, reaching 493.834 billion yuan. The company's total premium income for the first half of the year was 489.566 billion yuan, a year-on-year increase of 4.1%, and the new business value reached 32.262 billion yuan, a year-on-year increase of 18.6%. The unaudited semi-annual financial report shows that the company achieved a net profit of 38.278 billion yuan, a year-on-year increase of 10.6%. In addition, the company announced its intention to distribute cash...Show More

China Life Insurance released its semi-annual report for 2024 on August 29, 2024, showing that the company's total assets amounted to 6.22 trillion yuan, a 10.1% year-on-year increase. Among them, investment assets reached 6.09 trillion yuan, an increase of 12.5%. Shareholders' equity attributable to the parent company's shareholders increased by 50.7%, reaching 493.834 billion yuan. The company's total premium income for the first half of the year was 489.566 billion yuan, a year-on-year increase of 4.1%, and the new business value reached 32.262 billion yuan, a year-on-year increase of 18.6%. The unaudited semi-annual financial report shows that the company achieved a net profit of 38.278 billion yuan, a year-on-year increase of 10.6%. In addition, the company announced its intention to distribute cash dividends of RMB 0.20 per share to all shareholders, totaling approximately RMB 5.653 billion, subject to approval at the shareholders' meeting. During the reporting period, the net cash flow from operating activities generated by the company was 280.552 billion yuan, a year-on-year increase of 12.5%. The company's solvency adequacy ratio was 205.23%, and its core solvency adequacy ratio was 151.90%, both higher than regulatory requirements. The company continues to promote digital transformation, enhance technology capabilities and operational service quality, and strengthen risk management and data security.