China Life Insurance
Majority state-owned China Life Insurance is the country’s biggest life insurer, offering life, accident, and health insurance products. In 2019, it celebrated the 70th anniversary of its founding and saw revenue jump 16.3% year-on-year amid a company-wide "revitalization" that included restructuring and the introduction of new organizational models. Gross investment income rose 77.7% in 2019; the company's investment portfolio includes a range of companies, from Uber to Ant Financial to Chinese genome sequencing company BGI. During the coronavirus outbreak in China in early 2020, China Life provided free insurance protection for 2.48 million frontline workers, according to its end-of-year report, though it didn't say how much that initiative cost.
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