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KM Financial Solutions | China Life Insurance Q3 profit down 76 pct on poor stock market returns
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China Life Insurance Q3 profit down 76 pct on poor stock market returns

24 Oct China Life Insurance Q3 profit down 76 pct on poor stock market returns

Posted at 09:33h in News by
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China Life Insurance Co Ltd
, the country’s second-biggest insurer by
market value, reported on Thursday a 76 percent decline in
third-quarter net profit due to lower equity income amid a
volatile domestic stock market.
Net profit dropped to 3.45 billion yuan ($496.52 million)
from 14.6 billion yuan in the same quarter a year earlier, China
Life said in a statement to the Hong Kong Stock Exchange.
The insurer said its 9-month net prof

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