New China Life Insurance Company Ltd.’s Net Profit Dropped 15.5% in First Three Quarters 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 9.5 billion yuan in the first three quarters of 2023, down 15.5% year-on-year.

Meanwhile, the company posted 60.5 billion yuan in revenue, down 19.3% year-on-year.

At the end of the reporting period, it had 1.4 trillion yuan in total assets and 1.3 trillion yuan in total liabilities, with a liability-to-asset ratio of 92.1%.