China Life Insurance Company Limited’s Net Profit Dropped 35.9% in 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 33.5 billion yuan in 2022, down 35.9% year-on-year.

Meanwhile, the company posted 826.1 billion yuan in revenue, down 3.8% year-on-year.

At the end of the reporting period, it had 5.3 trillion yuan in total assets and 4.8 trillion yuan in total liabilities, with a liability-to-asset ratio of 91.5%.