Breaking News


China Life Says First-Half Net Income May Rise More Than 50%

China Life Insurance Co., the nation’s largest insurer, estimated its first-half profit may rise by more than 50 percent from a year earlier.

The surge is attributed to an increase in investment income combined with a decline in impairment losses, the Beijing-based insurer said in a statement to Hong Kong’s stock exchange without further elaboration.

The preliminary estimate is based on unaudited numbers.

China Life booked profit of 9.6 billion yuan ($1.6 billion), or 0.34 yuan per share, in the first half last year.

The Hong Kong-traded shares closed unchanged at HK$18.44 today. They have declined 27 percent this year compared with a 1.1 percent drop in the Hang Seng Finance Index, which tracks 12 banks, insurers and the city’s exchange operator.

To contact the reporter on this story: Bei Hu in Hong Kong at

To contact the editor responsible for this story: Andreea Papuc at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.