China Life(601628) 搜狐财经·2025-03-28 08:35Core Insights - China Life Insurance reported a total operating revenue of 528.57 billion yuan for 2024, marking a year-on-year increase of 30.5% [2] - The net profit attributable to shareholders exceeded 100 billion yuan, reaching 106.93 billion yuan, with a significant year-on-year growth of 108.9% [2] Financial Performance - From 2020 to 2024, the net profit attributable to shareholders was recorded at 50.27 billion yuan, 50.77 billion yuan, 66.68 billion yuan, 51.18 billion yuan, and 106.93 billion yuan respectively, indicating the best performance in the company's history in 2024 [3] - Total premium income for 2024 reached 671.46 billion yuan, reflecting a year-on-year growth of 4.7% [4] - Total investment income amounted to 308.25 billion yuan, showing a substantial increase of 150.4% compared to the previous year [4] Business Segments - The total premium income from life insurance business was 538.71 billion yuan, up by 5.1% year-on-year [4] - Health insurance premiums totaled 119.14 billion yuan, with a year-on-year increase of 4.5% [4] - Premium income from accident insurance was 13.61 billion yuan, which represents a year-on-year decline of 7.6% [4] Management Changes - In August 2024, Cai Xiliang was appointed as the Party Secretary of China Life Insurance Group, succeeding Bai Tao [4] - Cai Xiliang was elected as the Chairman of the company in October 2024, with his qualifications approved by the financial regulatory authority in December [4] - Cai Xiliang, born in 1966 and a graduate of Shanghai University of Finance and Economics, holds a master's degree in economics [4][5]