China Life 3Q profit US$1 bln
China Life 3Q profit US$1 bln
China’s largest life insurer by premiums China Life Insurance Co. announced Monday that its third-quarter net profit was 7.82 billion yuan (US$1 billion;EUR700 million).
The company said its net profit for the January-September period was 24.70 billion yuan (US$3.3 billion; EUR2.3 billion).
The company, whose yuan-denominated shares started trading on the Shanghai Stock Exchange on Jan. 9, did not provide comparative, year-earlier figures.
The company also has American Depositary Receipts traded in the U.S. and shares traded in Hong Kong.
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