Welcome to our dedicated page for LFC news (Ticker: LFC), a resource for investors and traders seeking the latest updates and insights on LFC stock.
China Life Insurance Company Limited (LFC), a NYSE-listed industry leader since 1949, provides comprehensive life, health, and accident insurance solutions across China. With one of the nation's largest distribution networks and over seven decades of market experience, the company maintains its position through strategic innovation and financial stability. This news hub serves as the definitive source for tracking LFC's corporate developments and industry impact.
Investors and stakeholders will find timely updates on executive leadership changes, including recent transitions in key management roles approved by financial regulators. The resource aggregates verified information about financial performance, product innovations, and strategic partnerships that shape China's insurance landscape. All content is curated to support informed decision-making without promotional bias.
Key coverage areas include regulatory filings, corporate governance updates, and technology investments driving operational efficiency. The collection also highlights China Life's corporate social responsibility initiatives in environmental conservation and community development. Regular updates ensure users stay informed about fundamental changes affecting the company's market position.
Bookmark this page for direct access to China Life's official communications and third-party analysis. For those monitoring the Chinese insurance sector's evolution, this centralized news repository offers essential insights into LFC's operational strategies and long-term growth trajectory.
China Life Insurance Company Limited (LFC) reported its unaudited consolidated results for the first half of 2021, revealing total assets of RMB4,652,793 million, up 9.4% YoY, and a 34.2% increase in net profit to RMB40,975 million. Total revenue rose 6.5% to RMB537,105 million, with gross written premiums at RMB442,299 million, marking a 3.5% increase. However, new policy premiums dropped 8.4% to RMB133,914 million. The company noted operational challenges due to the COVID-19 pandemic but continued its transformation strategies effectively.
China Life Insurance Company Limited (NYSE: LFC) has filed its 2020 Annual Report on Form 20-F with the U.S. Securities and Exchange Commission. The report includes audited financial statements for the fiscal year ending December 31, 2020. The document is accessible on the company's website and the SEC's website. Shareholders or ADR holders can request a free hard copy of the audited financial statements within a reasonable time frame. The filing signifies the company's compliance with regulatory requirements and transparency in financial reporting.
China Life Insurance Company Limited (LFC) announced the proposed appointment of new auditors: PricewaterhouseCoopers Zhong Tian LLP for PRC audits and PricewaterhouseCoopers for Hong Kong. This decision follows an eight-year term limit imposed by PRC regulations on audit firms for financial institutions. Ernst & Young, the current auditors, will retire following the annual general meeting (AGM) without any unresolved matters or disagreements reported. The appointment is pending shareholder approval during the upcoming AGM.
China Life Insurance Company Limited (NYSE: LFC) reported its 2020 audited results, showcasing a 14.1% increase in total assets, reaching RMB 4,252,410 million. The company's embedded value also rose by 13.8% to RMB 1,072,140 million. Total revenue grew by 10.3% to RMB 804,961 million. While gross written premiums increased by 8.0% to RMB 612,265 million, net profit attributable to equity holders decreased by 13.8% to RMB 50,268 million. A final dividend of RMB 0.64 per share was proposed, pending shareholder approval.
China Life Insurance Company Limited (LFC) reported its unaudited consolidated results for the first half of 2020, highlighting a total revenue increase of 12.5% to RMB504,431 million and gross written premiums of RMB427,367 million, up 13.1% year-on-year. The company's total assets reached RMB3,966,033 million, a 6.4% increase. However, net profit attributable to equity holders dropped 18.8% year-on-year to RMB30,535 million, and no interim dividend will be declared. The company's embedded value grew by 7.8% to RMB1,015,856 million, reflecting stability amid challenges posed by the COVID-19 pandemic.
China Life Insurance Company Limited (LFC) announced winning seven prestigious awards from Institutional Investor's 2020 All-Asia Executive Team rankings, including recognition as one of the 'Most Honored Companies'. This achievement marks the third consecutive year for this honor, showcasing China Life's significant improvements in investor relations since the launch of its 'Dingxin Project'. The company excelled in all six categories for the insurance sector, ranking #1 in Best IR Team and Best IR Program, reflecting strong market confidence in its operational reforms and transparency.
