China Life Insurance Company Limited’s Net Profit Dropped 35.4% in First Half 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 16.9 billion yuan in the first half of 2023, down 35.4% year-on-year.

Meanwhile, the company posted 553.6 billion yuan in revenue, up 4.8% year-on-year.

At the end of the reporting period, it had 5.6 trillion yuan in total assets and 5.2 trillion yuan in total liabilities, with a liability-to-asset ratio of 91.9%.