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China Life profit down 28 pct in Q1

English.news.cn   2014-04-26 06:00:25

HONG KONG, April 25 (Xinhua) -- China Life Insurance Co., Ltd., the country's largest life insurer, on Friday declared its net profits down 28 percent year on year to 7.23 billion yuan (1.17 billion U.S. dollars) in the first quarter of 2014.

The company's income on investment declined 7 percent year on year to 24.18 billion yuan, the insurer said. The operating revenue rose 11.5 percent to 154.21 billion yuan.

By the end of March, the company's total investment assets hit 1.92 trillion yuan, a net investment return ratio of 5.06 percent.

Editor: Mu Xuequan
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