China Life’s First-Quarter Net Profit Growth Was Boosted by Better Investment Performance
China Life’s first quarter saw net profit growth strongly rebound to 17% versus a 57% decline in the year-ago period. This was attributable to higher investment income, posting a 35% growth and a 4.53% total investment yield versus a 46% decline and a 3.69% total investment yield. Net earned premium growth slowed to 22.3% from 31%, while revenue structure improved as renewable premium grew 51.6% year on year, the fastest growth since 2003. The company didn’t disclose new business value growth fo...
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.
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