Friday, April 24, 2009

China Life Insurance 1Q Result

  * China Life Insurance Co Ltd <2628.HK><601628.SS>, the 
world's biggest life insurer by market value, posted a 55 percent
gain in first-quarter net profit as a rebound in the domestic
stock market boosted investment returns. [ID:nHKG294849]
January-March profit rose to 5.39 billion yuan ($789.6
million) from 3.47 billion yuan, the Beijing-based insurer said
in a statement late on Thursday.
Last year, China Life and smaller rival China Ping An
Insurance (Group) Co <2318.HK><601318.SS> suffered from a
collapse in investment returns as the stock market tumbled 65
percent.
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