Overview
China Life
China Life Insurance Company, also known as China Life, provides long-term individual and group life insurance policies, annuity contracts, and long-term health insurance policies in force. It also provides both individual and group accident and short-term health insurance policies and services. It has more than 300 million individual and group policies in force. China Life sells its individual products primarily through its own network, comprised
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Read More of exclusive agents, direct sales representatives, and dedicated and non-dedicated agencies. In addition to life insurance, the company provides asset management services and health and accident insurance. The company is a life insurance company established in Beijing, China on 30 June, 2003.
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Read More of exclusive agents, direct sales representatives, and dedicated and non-dedicated agencies. In addition to life insurance, the company provides asset management services and health and accident insurance. The company is a life insurance company established in Beijing, China on 30 June, 2003.
Read Less
Tao Bai
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Insurance Carriers
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Insurance Carriers and Related Activities
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Finance and Insurance
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Life insurance
Activities Related to Credit Intermediation
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Agencies, Brokerages, and Other Insurance Related Activities
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Depository Credit Intermediation
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Insurance and Employee Benefit Funds
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Monetary Authorities-Central Bank
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Nondepository Credit Intermediation
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Other Financial Investment Activities
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Other Investment Pools and Funds
View More , Securities and Commodity Contracts Intermediation and Brokerage Securities and Commodity Exchanges
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View More , Securities and Commodity Contracts Intermediation and Brokerage Securities and Commodity Exchanges
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No.16 Financial Street, Xicheng District Beijing, Beijing, 100033 China
103,262
Actual
$129.04 billion
Actual
2.47%
1.32%
$765,063
DEC
2003
2003
Shanghai:601628
Contacts
Get in Touch with 13 Principals*
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Tao BaiLegal Representative
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Hong YangDeputy General Manager
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Zhong ZhanDeputy General Manager
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Hetai ShengDirector
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Financial Statements
Dun & Bradstreet collects private company financials for more than 23 million companies worldwide. Find out more.
Financial data as of December 31, 2021 (12 month period) in USD
Annual Sales 2021
$129.04 billion
USD
Actual
1 USD = 6.393 CNY
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2021 | 2020 | 2019 |
|---|---|---|---|
| Net Operating Cash | $44,806 | $47,555 | $44,740 |
| Net Investing Cash | -$61,587 | -$45,800 | -$38,717 |
| Net Financing Cash | $17,384 | -$1,214 | -$5,643 |
| Net Change in Cash | $603 | $541 | $381 |
| Cash at Beginning of Period | $8,862 | $8,343 | $7,954 |
| Cash at End of Period | $9,454 | $8,862 | $8,343 |
| Capital Expenditure | -$856 | -$1,168 | -$1,786 |
| Assets (mil) | 2021 | 2020 | 2019 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $9,454 | $8,862 | $8,338 |
| Accounts Receivable | $3,325 | $3,453 | $2,852 |
| Inventories | $ | $ | $ |
| Other Current Assets | $ | $ | $ |
| Asset Summary | |||
| Total Current Assets | $ | $ | $ |
| Tangible Fixed Assets | $8,903 | $8,732 | $8,647 |
| Intangible Assets | $1,253 | $1,260 | $1,225 |
| Total Assets | $765,064 | $665,171 | $582,936 |
| Liabilities (mil) | 2021 | 2020 | 2019 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $9,725 | $9,712 | $9,141 |
| Short-Term Debt | $ | $ | $ |
| Other Current Liabilities | $ | $ | $ |
| Liability Summary | |||
| Total Current Liabilities | $ | $ | $ |
| Long-Term Debt | $8,397 | $8,532 | $8,609 |
| Other Long-Term Liabilities | $ | $ | $ |
| Total Liabilities | $688,940 | $593,697 | $518,906 |
| Stakeholder's Equity (mil) | 2021 | 2020 | 2019 |
|---|---|---|---|
| Equity | |||
| Common Stock | $4,421 | $4,421 | $4,421 |
| Retained Earnings | $31,482 | $28,759 | $26,668 |
| Equity Summary | |||
| Total Equity | $74,860 | $70,398 | $63,157 |
| Shares Outstanding | 29,752,940,000 | 28,264,705,000 | 28,264,705,000 |
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