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China Life 2014 net profit up 30 pct

Xinhua, March 24, 2015 Adjust font size:

China Life Insurance Co., the country's largest insurer, reported a net profit rise of 30.1 percent year on year to 32.21 billion yuan (5.28 billion U.S. dollars) in 2014.

Earnings per share also advanced 30.1 percent year on year to 1.14 yuan, the insurer said in a statement filed to the Shanghai Stock Exchange Tuesday.

Its business revenue was 445.77 billion yuan in 2014, up 5.2 percent year on year.

It maintained a leading position in the domestic life insurance market, with a market share of 26.1 percent in 2014.

Its shares edged down 2.52 percent to 37.48 yuan on the Shanghai bourse on Tuesday. Endi