China Life Insurance Company Limited’s Net Profit Dropped 46.4% in First Quarter of 2022

China Life Insurance Company Limited (中国人寿保险股份有限公司) (601628.SH) reported a net profit of 15.5 billion yuan in the first quarter of 2022, down 46.4% year-on-year.

Meanwhile, the company posted 343.8 billion yuan in revenue, down 8% year-on-year.

At the end of the reporting period, it had 4.9 trillion yuan in total assets and 4.4 trillion yuan in total liabilities, with a liability-to-asset ratio of 90.4%.