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Global 500

Jason Lee — Reuters

54

China Life Insurance

China

The majority state-owned insurer is still the biggest life insurance provider in the world’s most populous nation, which speaks volumes when coupled with China’s seemingly endless insurance market growth potential over the past 10 years. China Life rocketed 40 spots up the Global 500 list from last year to No. 54, and analysts foresee its growth trends will continue for the foreseeable future. The company receiving a consensus strong “Buy” rating from Wall Street in the summer of 2016.

CEO

Yang Mingsheng

Sector

Financials

Industry

Insurance: Life, Health (stock)

HQ Location

Beijing, China

Employees

130,732

Years on Global 500 List

14

Government owned 50% or more.
Key Financials (last fiscal year)
($ Millions)% change
Revenues ($M)$101,27416.1%
Profits ($M)$4,170147.1%
Assets ($M)$466,302
Total Stockholder Equity ($M)$19,462
Profit Ratios
Profit as % of Revenues4.1%
Profits as % of Assets0.9%
Profits as % of Stockholder Equity21.4%