-- China Life Insurance Co., the nation’s largest life insurer by market share, said profit rose 11% in the first half as an improving stock market boosted investment returns.Net income climbed to 38.3 billion yuan , from 34.6 billion yuan a year earlier, the Beijing-based company said in a filing to the Shanghai stock exchange Thursday.
New business value, which gauges the profitability of new life policies sold, expanded about 19% for the period, slowing from a 26.3% jump in the first quarter.“China Life’s new-business value is poised to rise 15-20% in 2024, we calculate, above consensus’ 10% after a 19% gain in 1H. Pricing adjustments and commission controls in bancassurance will boost new-business margin, along with a better product mix in 2H.
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ZHENJIANG, China, August 30, 2024--This means that Jiangsu has successfully achieved independent power supply for urban "power banks" for the first time.More than 130,000 people eligible for heart checks at work under new NHS scheme
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