New China Life Insurance Company Ltd
SSE:601336
Income Statement
Income Statement
New China Life Insurance Company Ltd
| Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1 970
|
0
|
0
|
0
|
2 171
|
0
|
0
|
0
|
1 857
|
0
|
0
|
0
|
1 454
|
0
|
0
|
0
|
1 714
|
0
|
0
|
0
|
1 103
|
0
|
0
|
0
|
1 008
|
0
|
0
|
0
|
1 314
|
0
|
0
|
0
|
800
|
320
|
591
|
977
|
1 173
|
1 222
|
1 361
|
1 508
|
2 086
|
2 515
|
2 538
|
2 841
|
3 166
|
3 459
|
0
|
0
|
|
| Gross Premiums Earned |
95 879
|
100 560
|
100 906
|
98 926
|
98 117
|
94 546
|
93 423
|
92 474
|
103 837
|
120 587
|
119 197
|
117 588
|
109 705
|
113 370
|
115 644
|
118 215
|
111 934
|
106 369
|
109 987
|
110 265
|
112 060
|
102 733
|
102 003
|
108 128
|
108 618
|
110 515
|
114 722
|
117 781
|
120 580
|
124 008
|
126 326
|
128 202
|
136 085
|
151 056
|
158 944
|
162 487
|
156 957
|
162 525
|
161 879
|
160 983
|
162 108
|
164 347
|
164 107
|
163 172
|
58 607
|
111 599
|
87 478
|
65 626
|
48 236
|
46 509
|
45 315
|
44 391
|
48 444
|
48 941
|
49 593
|
50 291
|
|
| Revenue |
109 415
N/A
|
113 964
+4%
|
116 856
+3%
|
116 540
0%
|
116 958
+0%
|
115 440
-1%
|
114 493
-1%
|
115 785
+1%
|
129 893
+12%
|
147 756
+14%
|
148 235
+0%
|
149 020
+1%
|
143 051
-4%
|
154 233
+8%
|
165 963
+8%
|
167 138
+1%
|
158 148
-5%
|
147 234
-7%
|
141 451
-4%
|
141 915
+0%
|
145 698
+3%
|
135 003
-7%
|
135 616
+0%
|
143 932
+6%
|
144 391
+0%
|
146 056
+1%
|
150 785
+3%
|
151 915
+1%
|
154 004
+1%
|
157 402
+2%
|
160 615
+2%
|
163 377
+2%
|
174 461
+7%
|
192 828
+11%
|
202 786
+5%
|
211 527
+4%
|
206 324
-2%
|
219 952
+7%
|
220 203
+0%
|
220 860
+0%
|
221 998
+1%
|
216 080
-3%
|
214 793
-1%
|
208 977
-3%
|
65 294
-69%
|
157 048
+141%
|
120 167
-23%
|
82 436
-31%
|
44 066
-47%
|
40 390
-8%
|
43 593
+8%
|
60 337
+38%
|
71 257
+18%
|
72 131
+1%
|
77 022
+7%
|
81 302
+6%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(106 030)
|
(111 145)
|
(113 979)
|
(113 815)
|
(114 393)
|
(111 959)
|
(110 940)
|
(110 442)
|
(121 534)
|
(142 653)
|
(141 196)
|
(140 981)
|
(132 465)
|
(143 985)
|
(154 208)
|
(156 040)
|
(144 396)
|
(138 495)
|
(134 882)
|
(135 992)
|
(136 421)
|
(127 930)
|
(128 333)
|
(136 534)
|
(134 101)
|
(137 669)
|
(140 461)
|
(141 069)
|
(140 448)
|
(146 367)
|
(147 901)
|
(150 718)
|
(158 134)
|
(178 004)
|
(190 092)
|
(198 497)
|
(186 729)
|
(202 404)
|
(201 820)
|
(204 243)
|
(203 291)
|
(207 334)
|
(206 698)
|
(203 024)
|
(37 076)
|
(142 805)
|
(106 745)
|
(69 081)
|
(36 129)
|
(34 866)
|
(33 648)
|
(34 346)
|
(35 269)
|
(35 749)
|
(36 282)
|
(34 162)
|
|
| Selling, General & Administrative |
(16 677)
|
(16 961)
|
(17 307)
|
(17 079)
|
(16 969)
|
(16 530)
|
(16 230)
|
(16 157)
|
(16 045)
|
(17 610)
|
(18 167)
|
(18 798)
|
(18 898)
|
(20 416)
|
(21 817)
|
(23 131)
|
(24 054)
|
(25 564)
|
(26 396)
|
(26 993)
|
(26 524)
|
(28 559)
|
(29 054)
|
(29 977)
|
(29 568)
|
(28 058)
|
(28 502)
|
(28 858)
|
(28 808)
|
(30 305)
|
(30 054)
|
(29 655)
|
(29 685)
|
(30 749)
|
(31 384)
|
(31 940)
|
(29 878)
|
(32 653)
|
(31 056)
|
(29 523)
|
(26 302)
|
(25 703)
|
(24 808)
|
(23 599)
|
(3 224)
|
(16 059)
|
(11 642)
|
(7 361)
|
(2 465)
|
(2 339)
|
(2 121)
|
(4 011)
|
(3 151)
|
(3 158)
|
(3 015)
|
(841)
|
|
| Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(578)
|
0
|
0
|
0
|
(455)
|
0
|
0
|
0
|
(507)
|
0
|
0
|
0
|
(578)
|
0
|
0
|
0
|
(679)
|
0
|
0
|
0
|
(763)
|
0
|
0
|
0
|
(1 390)
|
0
|
0
|
0
|
(1 652)
|
0
|
0
|
0
|
(1 746)
|
0
|
0
|
0
|
(1 910)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Benefits Claims Loss Adjustment |
(87 108)
|
(90 945)
|
(91 765)
|
(89 206)
|
(89 808)
|
(88 261)
|
(87 585)
|
(89 407)
|
(103 621)
|
(120 035)
|
(118 789)
|
(117 892)
|
(111 901)
|
(118 572)
|
(127 799)
|
(128 441)
|
(118 535)
|
(109 746)
|
(105 252)
|
(105 829)
|
(108 653)
|
(95 238)
|
(94 792)
|
(102 033)
|
(102 212)
|
(105 337)
|
(108 086)
|
(108 519)
|
(109 375)
|
(111 547)
|
(112 754)
|
(115 407)
|
(125 224)
|
(141 593)
|
(151 734)
|
(159 669)
|
(153 108)
|
(163 279)
|
(165 003)
|
(169 005)
|
(173 064)
|
(175 561)
|
(176 919)
|
(171 831)
|
(33 789)
|
(119 401)
|
(88 768)
|
(59 186)
|
(33 252)
|
(32 150)
|
(30 827)
|
(29 512)
|
(31 575)
|
(31 911)
|
(32 652)
|
(32 746)
|
|
| Other Operating Expenses |
(2 245)
|
(3 239)
|
(4 907)
|
(7 530)
|
(7 616)
|
(7 168)
|
(7 125)
|
(4 878)
|
(1 290)
|
(5 008)
|
(4 240)
|
(4 291)
|
(1 211)
|
(4 997)
|
(4 592)
|
(4 468)
|
(1 300)
|
(3 185)
|
(3 234)
|
(3 170)
|
(666)
|
(4 133)
|
(4 487)
|
(4 524)
|
(1 642)
|
(4 274)
|
(3 873)
|
(3 692)
|
(1 502)
|
(4 515)
|
(5 093)
|
(5 656)
|
(1 835)
|
(5 661)
|
(6 973)
|
(6 888)
|
(2 091)
|
(6 471)
|
(5 760)
|
(5 715)
|
(2 179)
|
(6 070)
|
(4 971)
|
(7 594)
|
1 847
|
(7 345)
|
(6 335)
|
(2 534)
|
(412)
|
(377)
|
(700)
|
(823)
|
(543)
|
(680)
|
(615)
|
(575)
|
|
| Operating Income |
3 385
N/A
|
2 819
-17%
|
2 877
+2%
|
2 725
-5%
|
2 565
-6%
|
3 481
+36%
|
3 553
+2%
|
5 343
+50%
|
8 359
+56%
|
5 103
-39%
|
7 039
+38%
|
8 039
+14%
|
10 586
+32%
|
10 248
-3%
|
11 755
+15%
|
11 098
-6%
|
13 752
+24%
|
8 739
-36%
|
6 569
-25%
|
5 923
-10%
|
9 277
+57%
|
7 073
-24%
|
7 283
+3%
|
7 398
+2%
|
10 290
+39%
|
8 387
-18%
|
10 324
+23%
|
10 846
+5%
|
13 556
+25%
|
11 035
-19%
|
12 714
+15%
|
12 659
0%
|
16 327
+29%
|
14 824
-9%
|
12 694
-14%
|
13 030
+3%
|
19 595
+50%
|
17 548
-10%
|
18 383
+5%
|
16 617
-10%
|
18 707
+13%
|
8 746
-53%
|
8 095
-7%
|
5 953
-26%
|
28 218
+374%
|
14 243
-50%
|
13 422
-6%
|
13 355
0%
|
7 937
-41%
|
5 524
-30%
|
9 945
+80%
|
25 991
+161%
|
35 988
+38%
|
36 382
+1%
|
40 740
+12%
|
47 140
+16%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1 970)
|
0
|
0
|
0
|
(2 171)
|
0
|
0
|
0
|
(1 857)
|
0
|
0
|
0
|
(1 454)
|
0
|
0
|
0
|
(1 714)
|
0
|
0
|
0
|
(1 103)
|
0
|
0
|
0
|
(1 008)
|
0
|
0
|
0
|
(1 314)
|
0
|
0
|
0
|
(800)
|
0
|
0
|
0
|
(1 173)
|
(369)
|
(779)
|
(1 312)
|
(2 086)
|
(2 515)
|
(2 538)
|
(2 841)
|
(3 166)
|
(3 459)
|
(3 843)
|
(3 751)
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1 319)
|
0
|
0
|
0
|
(1 024)
|
0
|
0
|
0
|
(616)
|
0
|
0
|
0
|
(1 358)
|
0
|
0
|
0
|
(1 075)
|
0
|
0
|
0
|
(1 838)
|
0
|
0
|
0
|
(2 033)
|
0
|
0
|
(2)
|
(2 717)
|
0
|
0
|
0
|
(2 274)
|
0
|
0
|
0
|
(4 958)
|
29
|
49
|
(262)
|
(307)
|
(360)
|
(645)
|
(3 001)
|
(4 605)
|
(3 845)
|
(4 370)
|
(1 527)
|
|
| Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(5)
|
0
|
0
|
0
|
(5)
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(8)
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(8)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Total Other Income |
(110)
|
(148)
|
(144)
|
(125)
|
(277)
|
(275)
|
(277)
|
(283)
|
(111)
|
(92)
|
(53)
|
(48)
|
396
|
388
|
347
|
348
|
508
|
557
|
602
|
611
|
20
|
(105)
|
(154)
|
(163)
|
(163)
|
(137)
|
(125)
|
(125)
|
(102)
|
(59)
|
(60)
|
(73)
|
(57)
|
(104)
|
(111)
|
(88)
|
(73)
|
(82)
|
(60)
|
(105)
|
37
|
33
|
32
|
59
|
(8)
|
(4)
|
(12)
|
8
|
(29)
|
(37)
|
(35)
|
(38)
|
(76)
|
(105)
|
(96)
|
1 048
|
|
| Pre-Tax Income |
3 275
N/A
|
2 671
-18%
|
2 733
+2%
|
2 600
-5%
|
2 288
-12%
|
3 206
+40%
|
3 276
+2%
|
5 060
+54%
|
4 959
-2%
|
5 011
+1%
|
6 986
+39%
|
7 991
+14%
|
7 782
-3%
|
10 636
+37%
|
12 102
+14%
|
11 446
-5%
|
11 782
+3%
|
9 296
-21%
|
7 171
-23%
|
6 534
-9%
|
6 482
-1%
|
6 968
+7%
|
7 129
+2%
|
7 235
+1%
|
7 330
+1%
|
8 250
+13%
|
10 199
+24%
|
10 721
+5%
|
10 510
-2%
|
10 976
+4%
|
12 654
+15%
|
12 586
-1%
|
13 221
+5%
|
14 720
+11%
|
12 583
-15%
|
12 940
+3%
|
15 491
+20%
|
17 466
+13%
|
18 323
+5%
|
16 512
-10%
|
15 670
-5%
|
8 779
-44%
|
8 127
-7%
|
6 012
-26%
|
22 079
+267%
|
13 899
-37%
|
12 680
-9%
|
11 789
-7%
|
5 515
-53%
|
2 612
-53%
|
6 727
+158%
|
20 111
+199%
|
28 141
+40%
|
28 973
+3%
|
32 431
+12%
|
42 910
+32%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(475)
|
(298)
|
197
|
255
|
646
|
426
|
(59)
|
(499)
|
(535)
|
(493)
|
(1 001)
|
(1 193)
|
(1 375)
|
(2 164)
|
(2 691)
|
(2 720)
|
(3 180)
|
(2 325)
|
(1 988)
|
(1 790)
|
(1 539)
|
(2 182)
|
(2 283)
|
(2 036)
|
(1 946)
|
(2 093)
|
(2 252)
|
(2 677)
|
(2 587)
|
(2 295)
|
15
|
638
|
1 339
|
1 108
|
(350)
|
(277)
|
(1 194)
|
(1 499)
|
(1 697)
|
(1 365)
|
(719)
|
1 211
|
1 465
|
2 174
|
(575)
|
1 500
|
1 937
|
2 389
|
3 201
|
4 129
|
3 094
|
(256)
|
(1 908)
|
(1 800)
|
(2 482)
|
(4 499)
|
|
| Income from Continuing Operations |
2 800
|
2 373
|
2 930
|
2 855
|
2 934
|
3 632
|
3 217
|
4 561
|
4 424
|
4 518
|
5 985
|
6 798
|
6 407
|
8 472
|
9 411
|
8 726
|
8 602
|
6 971
|
5 183
|
4 744
|
4 943
|
4 786
|
4 846
|
5 199
|
5 384
|
6 157
|
7 947
|
8 044
|
7 923
|
8 681
|
12 669
|
13 224
|
14 560
|
15 828
|
12 233
|
12 663
|
14 297
|
15 967
|
16 626
|
15 147
|
14 951
|
9 990
|
9 592
|
8 186
|
21 504
|
15 399
|
14 617
|
14 178
|
8 716
|
6 741
|
9 821
|
19 855
|
26 233
|
27 173
|
29 949
|
38 411
|
|
| Income to Minority Interest |
(1)
|
(1)
|
(2)
|
0
|
(1)
|
(2)
|
(1)
|
(2)
|
(2)
|
(1)
|
(2)
|
(1)
|
(1)
|
(2)
|
(1)
|
(1)
|
(1)
|
0
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
(1)
|
(1)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(5)
|
(4)
|
(4)
|
(4)
|
(5)
|
|
| Net Income (Common) |
2 799
N/A
|
2 372
-15%
|
2 928
+23%
|
2 854
-3%
|
2 933
+3%
|
3 630
+24%
|
3 216
-11%
|
4 559
+42%
|
4 422
-3%
|
4 517
+2%
|
5 983
+32%
|
6 797
+14%
|
6 406
-6%
|
8 470
+32%
|
9 410
+11%
|
8 725
-7%
|
8 601
-1%
|
6 971
-19%
|
5 182
-26%
|
4 743
-8%
|
4 942
+4%
|
4 785
-3%
|
4 846
+1%
|
5 198
+7%
|
5 383
+4%
|
6 155
+14%
|
7 945
+29%
|
8 043
+1%
|
7 922
-2%
|
8 680
+10%
|
12 668
+46%
|
13 223
+4%
|
14 559
+10%
|
15 827
+9%
|
12 232
-23%
|
12 661
+4%
|
14 294
+13%
|
15 964
+12%
|
16 622
+4%
|
15 143
-9%
|
14 947
-1%
|
9 986
-33%
|
9 588
-4%
|
8 183
-15%
|
21 500
+163%
|
15 395
-28%
|
14 613
-5%
|
14 174
-3%
|
8 712
-39%
|
6 737
-23%
|
9 817
+46%
|
19 850
+102%
|
26 229
+32%
|
27 169
+4%
|
29 945
+10%
|
38 406
+28%
|
|
| EPS (Diluted) |
0.9
N/A
|
0.77
-14%
|
0.94
+22%
|
0.91
-3%
|
0.94
+3%
|
1.16
+23%
|
1.03
-11%
|
1.47
+43%
|
1.42
-3%
|
1.45
+2%
|
1.92
+32%
|
2.18
+14%
|
2.05
-6%
|
2.72
+33%
|
3.02
+11%
|
2.8
-7%
|
2.76
-1%
|
2.24
-19%
|
1.67
-25%
|
1.53
-8%
|
1.58
+3%
|
1.54
-3%
|
1.56
+1%
|
1.67
+7%
|
1.73
+4%
|
1.98
+14%
|
2.55
+29%
|
2.58
+1%
|
2.54
-2%
|
2.78
+9%
|
4.06
+46%
|
4.24
+4%
|
4.67
+10%
|
5.08
+9%
|
3.93
-23%
|
4.07
+4%
|
4.58
+13%
|
5.12
+12%
|
5.33
+4%
|
4.85
-9%
|
4.79
-1%
|
3.2
-33%
|
3.07
-4%
|
2.62
-15%
|
6.89
+163%
|
4.93
-28%
|
4.68
-5%
|
4.54
-3%
|
2.79
-39%
|
2.16
-23%
|
3.15
+46%
|
6.36
+102%
|
8.41
+32%
|
8.71
+4%
|
9.6
+10%
|
12.31
+28%
|
|