BEIJING: China Life Insurance Co., the country’s biggest life insurer, said Wednesday that its net profit for the first three quarters rose 22.8 percent year on year to 33.8 billion yuan (5.3 billion U.S. dollars).
The company attributed the growth to rising investment revenue and sound business development.
During the January-September period, the company’s business revenue came in at 424 billion yuan, up 21.9 percent year on year.
By the end of September, China Life had total assets of 2.3 trillion yuan, rising 3.4 percent from the end of last year.
Its share price went down 2.61 percent on Wednesday, ending the day at 26.89 yuan.
