Core Viewpoint - China Life Insurance reported strong growth in key financial metrics for the first three quarters of 2023, indicating robust business performance and financial health [1] Financial Performance - Total premium income, new premium income, and renewal premium income all achieved double-digit growth compared to the same period last year [1] - New business value increased significantly by 41.8% year-on-year for the first three quarters of 2023 [1] - Net profit attributable to shareholders exceeded 167.8 billion yuan, marking a 60.5% increase from the same period last year [1] Shareholder Equity and Capital Adequacy - Shareholder equity attributable to the parent company reached 625.83 billion yuan, reflecting a 22.8% increase from the end of the previous year [1] - The core solvency adequacy ratio stood at 137.50%, while the comprehensive solvency adequacy ratio was at 183.94%, indicating a strong capital position [1] Risk Rating - The company has maintained an A-class rating in the comprehensive risk assessment of insurance companies for 29 consecutive quarters [1]
中国人寿:前三季度新业务价值强劲增长41.8%