China Life Insurance Company Limited’s Net Profit Rose 17.5% in First Quarter of 2023

China Life Insurance Company Limited (中国人寿保险股份有限公司) (601628.SH) reported a net profit of 18.2 billion yuan in the first quarter of 2023, up 17.5% year-on-year.

Meanwhile, the company posted 368.4 billion yuan in revenue, up 7.2% year-on-year.

At the end of the reporting period, it had 5.5 trillion yuan in total assets and 5 trillion yuan in total liabilities, with a liability-to-asset ratio of 91.4%.