Report
Iris Tan
EUR 147.86 For Business Accounts Only

Recent Profit Alerts From Major China Life Insurers Should Come as No Surprise

China Life and China Pacific Insurance recently reported negative profit guidance, with first-half net profits declining by 65%-70% and 46%, respectively, from the year-ago period. We believe this was primarily attributable to higher accounting reserve charges, owing to lower long-term bond yields and continued weakness in the performance of the domestic stock market during the period. The profit alerts are largely in line with our expectations and are consistent with the trend seen in the first...
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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