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September 03, 2015 8:58 AM ET

Insurance

Company Overview of New China Life Insurance Co., Ltd.

Company Overview

New China Life Insurance Company Limited provides life insurance products and services to individuals and institutions in the People’s Republic of China. It operates through three segments: Individual Insurance Business, Group Insurance Business, and Other Business. The company also offers insurance agency, asset management, training, investment management, management consulting, electronic commerce, and health management services. In addition, it is involved in the real estate property development, investment, and management activities; and technological development and project investment activities. The company was founded in 1996 and is based in Beijing, the People’s Republic of China.

New China Insurance Tower

No. Jia 12 Jianguomenwai Street

Chaoyang District

Beijing,  100022

China

Founded in 1996

56,487 Employees

Phone:

86 10 8521 0000

Fax:

86 10 8521 0101

Key Executives for New China Life Insurance Co., Ltd.

Chairman, Chief Executive Officer, Chairman of Starategy & Investment Committee and Member of Investment Management Committee
Age: 67
Total Annual Compensation: $6.0M
General Manager of Audit Department and Supervisor
Age: 55
Total Annual Compensation: $1.8M
Compensation as of Fiscal Year 2013.

New China Life Insurance Co., Ltd. Key Developments

New China Life Insurance Co., Ltd. Announces Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2015

New China Life Insurance Co., Ltd. announced unaudited consolidated earnings results for the six months ended June 30, 2015. For the period, the company reported total revenue of RMB 103,724 million compared to RMB 80,204 million a year ago. Profit before income tax was RMB 8,843 million compared to RMB 4,523 million a year ago. Net profit for the period attributable to owners of the parent company was RMB 6,752 million or RMB 2.16 per basic and diluted share compared to RMB 3,748 million or RMB 1.20 per basic and diluted share a year ago. Net cash inflow from operating activities was RMB 3,433 million compared to RMB 29,226 million a year ago. Purchases of property, plant and equipment, intangible assets and other assets was RMB 591 million compared to RMB 520 million a year ago.

New China Life Insurance Co., Ltd., Board Meeting, Aug 25, 2015

New China Life Insurance Co., Ltd., Board Meeting, Aug 25, 2015. Agenda: To consider and approve the interim results of the Company for the six months ended 30 June 2015, the publication of such results, and transacting any other business.

New China Life Insurance Co., Ltd. Announces Dividend for the Year 2014, Payable on August 20, 2015

New China Life Insurance Co., Ltd. implements the scheme of profit distribution for 2014 of RMB 0.21 (taxes included) per share. Record date is August 19, 2015. Ex-dividend date is August 20, 2015. Cash dividend payable is August 20, 2015.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
August 19, 2015
--
Private Placement
June 16, 2015
Suzhou Gold Mantis Construction Decoration Co., Ltd
Private Placement
April 24, 2015
Guizhou Jiulian Industrial Explosive Material Development Co., Ltd
 

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