China Life Insurance Company Limited’s Net Profit Dropped 34.9% in First Three Quarters 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 32.3 billion yuan in the first three quarters of 2022, down 34.9% year-on-year.

Meanwhile, the company posted 701 billion yuan in revenue, down 3.7% year-on-year.

At the end of the reporting period, it had 5.1 trillion yuan in total assets and 4.7 trillion yuan in total liabilities, with a liability-to-asset ratio of 91%.