Report
Iris Tan
EUR 147.86 For Business Accounts Only

China Life Posted Third-Quarter Alerts With Net Profit Falling 60%

China Life announced a third-quarter earnings alert, with shareholders' net profits falling 60% from the year-ago period. Given the 67% drop in net profit for the first six months and 23% net profit growth in the first three quarters of 2015, the growth was largely in line with our expectations. This implies nearly 35% year-on-year growth in the third quarter, mainly boosted by better stock market returns, while partially offset by a negative change in the discount rate assumption for traditiona...
Underlying
China Life Insurance Co. Ltd. Class H

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Iris Tan

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