CHINA LIFE INSURANCE CO LTD (A)

Overview

China Life Insurance Company Limited is a China-focused life insurer whose core businesses are life insurance, health and accident insurance, and other business. Its broader services include pension and annuity offerings and insurance asset management. The company’s stated purpose is “People-oriented, caring for life, creating value and serving the community,” with a focus on protecting people’s quality of life.[1]

Its operations are concentrated in mainland China, with external revenue and assets mainly from China, including Hong Kong. For 2025, the company reported operating revenue of RMB615.678 billion and 97,505 employees at year-end. Its predecessor was approved for establishment in October 1949; the listed company was established in 2003 and became A-share listed in 2007.[2]+3 [1]+4

Products & services

China Life’s products include whole-life, term-life and endowment insurance, alongside pension annuity and other annuity products. Offerings also include products eligible for China’s third-pillar individual-pension system. The company describes designing products for needs such as pension savings, children’s education, wealth management and medical protection, and adjusting product forms, durations and costs to suit different customer needs.[6]+2

Health and accident offerings include individual long-term disability income-loss insurance, nursing-service-benefit products, maternity and infant-illness insurance, fracture-related accidental medical cover aimed at middle-aged and senior customers, and specified-disease medical products for seniors. The company has also broadened coverage for innovative drugs and medical devices, and listed inclusive offerings for rural revitalisation, domestic workers, “Silver Age Healthcare” and “Belt and Road” customers.[9]

Related services include senior-care facilities and healthcare and senior-care stays, as well as health-management solutions for medical consultation and rehabilitation. In 2026H1, China Life reported 39 residential senior-care projects across 19 cities and eight healthcare/senior-care service products, and said it had piloted “China Life Kang Hu An Xin Care Insurance.” [10]

For 2026H1, gross written premiums were RMB536,634 million: life insurance accounted for approximately 83.8%, health insurance 15.1% and accident insurance 1.1%, based on reported category amounts. New-policy premiums were separately reported as 22.80% life, 42.49% annuity and 31.55% health; this is a new-policy mix, not a breakdown of total premiums.[11][12] Official product listings also name “国寿福盈今生年年利,” “国寿广源366” and “国寿嘉年188” on the pension-products page, and “百万安心疗·重疾升级版” and “重疾轻松保·重疾医疗险” among health products. The pension page identifies its products as offerings of China Life Pension Insurance Co.[13][14] [6]+8

Geographic presence

China Life Insurance Co Ltd describes its institutional and service network as spanning urban and rural areas across China, indicating a nationwide domestic operating footprint. The available information does not specify the network by province or city.[15]

The reviewed reporting does not provide revenue shares by country or region, or an employee breakdown by geography. The latest available interim reporting is for the six months ended 30 June 2026; the latest full-year reporting is for 2025.[16][17] [15]+2

Business segments

China Life reports three operating segments: Life; Health & Accident; and Others. In the six months ended 30 June 2026, segment total revenues were RMB368,224 million for Life (approximately 84.7% of the total), RMB55,882 million for Health & Accident (12.9%), and RMB10,457 million for Others (2.4%).[18]

Life primarily comprises sales of life insurance policies. Health & Accident combines health insurance—principally health policies—and accident insurance, which primarily comprises accident policies. Others mainly includes agency business involving CLIC, subsidiaries’ income and expenses, and consolidation eliminations.[19]+2

For FY2025, the same segments contributed approximately 82.1%, 15.3%, and 2.7% of reported segment total revenues, respectively. Segment total revenues include insurance revenue, interest and investment income, and other income; they are not premiums alone.[22][23] [18]+5

Company history

China Life’s origins date to October 1949, when its predecessor was approved for establishment as one of China’s first insurance underwriters. Its life-insurance business was reorganized in 1996 as China Insurance Life and renamed China Life Insurance Company in 1999.[1][24]

The present China Life Insurance Company Limited was established as a PRC joint-stock company on 30 June 2003 through a restructuring of China Life Insurance (Group) Company and its subsidiaries. It listed in New York and Hong Kong in December 2003, and in 2004 its asset-management subsidiary began operations. The company listed on the Shanghai Stock Exchange in January 2007.[25]+2 [1]+4

Sources

• CHINA LIFE INSURANCE CO LTD (A) — Full financial report (2025 Y)
  9 citations

  [1][5][9][15][17][19][20][21][22]
• CHINA LIFE INSURANCE CO LTD (A) — Full financial report (2025 Y)
  3 citations

  [2][3][4]
• CHINA LIFE INSURANCE CO LTD (A) — Press release (2025 Y)[6][7]
• CHINA LIFE INSURANCE CO LTD (A) — Full financial report (2026 H 1)
  8 citations

  [8][10][11][12][16][18][23][25]
• www.chinalife.com.cn[13]
• www.chinalife.com.cn[14]
• www.chinalife.com.cn[24]
• www.e-chinalife.com[26]
• www.chinalife.com.cn[27]