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  • Previous Rank
    51
  • Revenues ($M)
    $120,224
  • Revenue Percent Change
    14.7%
  • Profits ($M)
    $266.5
  • Profits Percent Change
    64.1%
  • Assets ($M)
    $552,760.60
  • Employees
    170,517

Stocks traded on the Hong Kong exchange may have had a topsy-turvy year; but its listed companies haven’t exactly been shy about making eye-catching moves. China Life Insurance is no exception. The firm, second to Ping An Insurance in the country in terms of market value, saw its net profit rise to nearly $5.1 billion in 2017, or a nearly 70% year-over-year rise. Last August, the company announced a $1 billion private equity fund, in conjunction with Chinese Internet giant Baidu, centering on tech investments.

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Company Information

CEO
Yang Mingsheng
Sector
Financials
Industry
Insurance: Life, Health (stock)
HQ Location
Beijing
Websitehttp://www.chinalife.com.cn
Years on Global 500 List16
Employees170,517
Government owned 50% or more.

China Life Insurance Rank History

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Key Financials (Last Fiscal Year)

($ Millions)% change
Revenues ($M)$120,22414.7%
Profits ($M)$266.564.1%
Assets ($M)$552,760.60-
Total Stockholder Equity ($M)$14,817.40-

Profit Ratios

Profit as % of Revenues0.2%
Profits as % of Assets-
Profits as % of Stockholder Equity1.8%