China Life Insurance Net Worth is$76.5 B
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Company Name: China Life Insurance Company Limited , ????????????

Company Logo: Image:Chinalife.png

Company Type: Public (2628,

Traded As: LFC 601628

Foundation: 2003

Location City: Beijing

Location Country: China

Key People: Chairman: Mr. Yang Chao (entrepreneur)

Area Served: People's Republic of China

Industry: Financial services

Products: Life & Health insurance

Parent: China Life Insurance Group

Homepage: [http://www.chinalife.com.cn www.chinalife.com.cn]

The China Life Insurance Company Limited (short China Life, Chinese: a,-a? 1/2 a??a??a??e?(C); pinyin: ZhA?ngguA? rA(C)nshA?u bC?oxiC?n) is a Beijing-based China-incorporated company that provides life insurance and annuity products.
Key Dates: 1919: American Asiatic Underwriters (later AIG) is founded in Shanghai.
1929: Tai Ping Insurance Company is founded in Shanghai.
1931: China Insurance Company is founded in Shanghai.
1949: The Chinese government takes over all insurance operations on the mainland, establishing People's Insurance Company of China (PICC).
1959: Insurance operations are abolished, except for foreign (marine and aviation) insurance needs, and PICC becomes a department of the central bank.
1979: Following the launch of economic reforms, PICC begins issuing non-life insurance policies.
1980: A joint venture is formed with AIG.
1982: PICC begins offering life insurance policies.
1988: The Chinese government licenses the first competing insurance companies.
1996: PICC is restructured as PICC Group, as a holding company for its life, reinsurance, and property operations.
1999: PICC Group is dissolved and replaced by four state-owned companies, including China Life Insurance.
2003: China Life goes public on the Hong Kong Stock Exchange and the New York Stock Exchange in the world's largest public offering that year.
2004: China Life announces its intention to diversify into asset management, brokerage services, and banking services in the near future.
China Life Insurance Company Limited is the largest life insurer in the People's Republic of China. The company offers individual life insurance, group life, accident insurance, and health insurance policies. China Life commands 45 percent of that market, and holds the number one position in 29 of the country's 31 major marketsa??only Shanghai and Beijing, where the company nonetheless is number two, escape its dominance. Formed from the breakup of former governme

China Life Insurance Latest News

Lack of insurance hampers Chinese county’s recovery after deadly earthquake

It is rapid growth but is still far from enough. China’s life insurance accounts for about 2.4 per cent of its GDP, falling behind more than 5 per cent in many European economies as well as Hong Kong and Taiwan. Non-life insurance, including property and ...
Posted: August 20, 2017, 6:57 am

China Life Insurance Company Limited (LFC) Lowered to “Market Perform” at Sanford C. Bernstein

Sanford C. Bernstein lowered shares of China Life Insurance Company Limited (NYSE:LFC) from an outperform rating to a market perform rating in a report published on Thursday morning. LFC has been the topic of several other reports. Goldman Sachs Group, Inc ...
Posted: August 18, 2017, 4:21 pm

China’s Online Giants Back $12 Billion Deal to Shake Up State Firm

The biggest new shareholder would be China Life Insurance, a state-run firm, which would have about a 10 percent stake, China Unicom said. So far, experts say, the pace of corporate reform across China’s state-owned enterprises has been slow. Some state ...
Posted: August 16, 2017, 9:30 pm

As China Life Insurance Company Limited Trades Do Analysts Recommend You Sell?

Error parsing: Query returned empty response Receive China Life Insurance Company Limited News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for China Life Insurance Company ...
Posted: August 8, 2017, 5:02 am

China's Ping An Insurance H1 profit up 6.5 pct on strong life premiums

SHANGHAI, Aug 17 (Reuters) - Ping An Insurance Group Co of China,, the country's second-largest insurer by market value, on Thursday reported a 6.5 percent rise in first-half net profit on robust growth in life insurance premiums. Net profit came in at 43 ...
Posted: August 17, 2017, 1:55 am
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