China Life Insurance Co Ltd
SSE:601628

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China Life Insurance Co Ltd
SSE:601628
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Price: 42.48 CNY 2.26% Market Closed
Market Cap: 884.6B CNY
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China Life Insurance Co Ltd
Intangible Assets

Last Value
3-Years 3-Y CAGR
5-Years 5-Y CAGR
10-Years 10-Y CAGR
Quarterly
Annual
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China Life Insurance Co Ltd
Intangible Assets Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Intangible Assets CAGR 3Y CAGR 5Y CAGR 10Y
China Life Insurance Co Ltd
SSE:601628
Intangible Assets
ÂĄ8.3B
CAGR 3-Years
0%
CAGR 5-Years
1%
CAGR 10-Years
3%
Ping An Insurance Group Co of China Ltd
SSE:601318
Intangible Assets
ÂĄ31.2B
CAGR 3-Years
2%
CAGR 5-Years
2%
CAGR 10-Years
0%
New China Life Insurance Company Ltd
SSE:601336
Intangible Assets
ÂĄ3.9B
CAGR 3-Years
2%
CAGR 5-Years
1%
CAGR 10-Years
10%
H
Hubei Biocause Pharmaceutical Co Ltd
SZSE:000627
Intangible Assets
ÂĄ265.8m
CAGR 3-Years
9%
CAGR 5-Years
27%
CAGR 10-Years
-2%
S
Sunshine Insurance Group Co Ltd
HKEX:6963
Intangible Assets
ÂĄ181m
CAGR 3-Years
70%
CAGR 5-Years
N/A
CAGR 10-Years
N/A
No Stocks Found

China Life Insurance Co Ltd
Glance View

Market Cap
884.6B CNY
Industry
Insurance

China Life Insurance Co Ltd stands as a colossal figure within the realm of financial services in China, rooted in a rich history that traces back to its inception in 1949. Positioned at the strategic intersection of finance and protection, the company serves as a beacon of security for millions across the nation. This enterprise, listed on both the Hong Kong and New York Stock Exchanges, has expertly woven itself into the fabric of Chinese society by providing a comprehensive suite of services ranging from individual life insurance, group life insurance, accident insurance, and health insurance. Its operational model hinges on its expansive distribution network, comprising an army of adept agents, alongside a seamlessly integrated bancassurance structure, which collaborates with banks to maximize reach and accessibility. Through this extensive network, China Life not only fortifies its market dominance but also cultivates trust and loyalty among its vast clientele. Revenue streams for China Life Insurance primarily flow through its underwriting of life insurance policies, which serve as the bedrock of its profitability. By pooling client premiums, the company invests these funds into diverse portfolios, encompassing stocks, bonds, and real estate, thus ensuring a steady income stream derived from both returns on investments and new policy sales. The delicate balance between managing risks and optimizing investments underscores its business strategy, leveraging China's economic expansion and an increasing middle class with a heightened awareness of financial security needs. This dual engine of premium collection and investment income propels China Life forward, reinforcing its stature as not only a cornerstone in China's insurance sector but an embodiment of financial stability and growth in the ever-evolving economic landscape.

Intrinsic Value
44.34 CNY
Undervaluation 4%
Intrinsic Value
Price

See Also

What is China Life Insurance Co Ltd's Intangible Assets?
Intangible Assets
8.3B CNY

Based on the financial report for Sep 30, 2024, China Life Insurance Co Ltd's Intangible Assets amounts to 8.3B CNY.

What is China Life Insurance Co Ltd's Intangible Assets growth rate?
Intangible Assets CAGR 10Y
3%

Over the last year, the Intangible Assets growth was -1%.

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