New China Life Insurance Company Ltd.’s Net Profit Rose 8.6% in First Half of 2023

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 10 billion yuan in the first half of 2023, up 8.6% year-on-year.

Meanwhile, the company posted 48.2 billion yuan in revenue, down 5.2% 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 91.4%.