China Life Insurance Forecasts Up to 185% Increase in Nine-Month Profit

MT Newswires Live

2024/10/16

China Life Insurance (HKG:2628, SHA:601628) expects to record a net profit attributable to the parent of between 101.1 billion yuan and 108.8 billion yuan for the nine months ended September, marking a year-over-year increase of 165% to 185%.

The insurer attributed the upbeat forecast to the optimization of equity investment structure and the rebound in the stock market during the third quarter, according to a Wednesday filing with the Hong Kong Exchange.

Price (HKD): $15.58, Change: $-0.020, Percent Change: -0.13%

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