China Life Insurance Company Limited’s Net Profit Dropped 46.2% in First Three Quarters 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 17.3 billion yuan in the first three quarters of 2023, down 46.2% year-on-year.

Meanwhile, the company posted 709.3 billion yuan in revenue, up 1.2% year-on-year.

At the end of the reporting period, it had 5.8 trillion yuan in total assets and 5.3 trillion yuan in total liabilities, with a liability-to-asset ratio of 92.2%.