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China Life reports higher profits in H1
Last Updated: 2017-08-28 08:19 | Xinhua
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China Life, the country's biggest life insurer, has said its net profit surged 17.8 percent year on year in the first half due to strong investment income.

Profits during January-June stood at 12.24 billion yuan (1.85 billion U.S. dollars) due to good investment income and improvement in business structure, the company said in a statement.

Sales revenue hit 401.42 billion yuan in the first six months, up 17.8 percent from the same period a year ago. Premium revenue surged 18.3 percent to 345.97 billion yuan.

Its market share stood at 19.38 percent, securing its top place in the industry.

China's insurers have shown strong performance in the first half after the government crackdown on selling short-term products, which led to the fall of the chief insurance regulator.

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