New China Life Insurance Company Ltd.’s Net Profit Dropped 34.3% in 2022

New China Life Insurance Company Ltd. (新华人寿保险股份有限公司) (601336.SH) reported a net profit of 9.8 billion yuan in 2022, down 34.3% year-on-year.

Meanwhile, the company posted 214.3 billion yuan in revenue, down 3.6% year-on-year.

At the end of the reporting period, it had 1.3 trillion yuan in total assets and 1.2 trillion yuan in total liabilities, with a liability-to-asset ratio of 91.8%.