China Life Insurance Company
China Life Insurance Company Limited (short China Life, simplified Chinese: 中国人寿保险; traditional Chinese: 中國人壽保險; pinyin: Zhōngguó rénshòu bǎoxiǎn) is a Beijing-headquartered China-incorporated company that provides life insurance and annuity products. China Life is ranked No. 94 on Fortune 2015 Global 500 Company list. and is Chinese largest life insurer by market share, as of April 2023. In 2023, the company was ranked 62nd in the Forbes Global 2000.
Headquarters at Beijing Financial Street | |
| Company type | Public; State-owned enterprise |
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Traded as |
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| Industry | Financial services |
| Founded | 1949 (as PICC) |
| Headquarters | , |
Area served | People's Republic of China |
Key people | Dairen Lin (CEO), Chairman: Yang Mingsheng |
| Products | Life & health insurance |
| Revenue | 768,438,310,000 renminbi (2018) |
| Total assets | $362.1 billion (2015) |
| Owner |
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Number of employees | 99,739 |
| Parent | China Life Insurance Group |
| Website | chinalife.com.cn |
In 2022, the company announced the de-listing of its American Depository Shares (ADS) and that the last day of trading was intended to be 1 September 2022. The underlying security of the ADS was the H shares, which would continue trading on the Stock Exchange of Hong Kong. The company cited limited trading volume in the ADS and administrative costs as the reasons for the de-listing.
In 2023, China Life Insurance invested $3.5 billion in Honghu Private Securities Investment Fund. The same amount was invested by New China Life Insurance. The fund will aim to improve capital utilization efficiency and increase long-term investment assets.