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Thursday, October 27, 2011

China Life net profit down 46% in the third quarter due to investment losses

China Life net profit down 46% in the third quarter due to investment losses National Life Insurance Company Limited (China Life Insurance Co., LFC, referred to as: China Life) reported Thursday by the Securities and Exchange investment losses and decline in premium income, the corporation's third-quarter net profit decreased 46% from a year earlier. The company said, according to Chinese accounting standards, accounting for up to three months September 30, net profit for the 3.75 billion yuan (about $ 586 million), low ...China Life net profit down 46% in the third quarter due to investment losses

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