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  • Previous Rank
    94
  • Revenues ($M)
    $101,274
  • Revenue Percent Change
    16.1%
  • Profits ($M)
    $4,170
  • Profits Percent Change
    147.1%
  • Assets ($M)
    $466,302
  • Employees
    130,732

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.

Company Information

Government owned 50% or more.
CEO
Yang Mingsheng
Sector
Financials
Industry
Insurance: Life, Health (stock)
HQ Location
Beijing, China
Employees130,732
Websitehttp://www.chinalife.com.cn
Years on Global 500 List14
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China Life Insurance Rank History

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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%