In 2020, China Life Group's consolidated operating income was nearly 1 trillion yuan, consolidated premium income exceeded 750 billion yuan, consolidated total assets exceeded 5 trillion yuan, and consolidated management of third-party assets was10.8 trillion yuan, maintaining a historical high.
On June 23, 2020, the asset management scale of China Life Asset Management Company exceeded 4 trillion yuan, thus becoming the first insurance asset management company in China to manage assets exceeding 4 trillion yuan. ?
Group headquarters:
China Life Insurance (Group) Company, headquartered in Beijing, is a large state-owned financial insurance enterprise and one of the largest institutional investors in China's capital market. The company's predecessor was the former China People's Insurance Company, which was established in 1949. In 1996, it was divided into PICC Life Insurance Co., Ltd., and changed its name to China Life Insurance Company in 1999.
China Life Insurance (Group) Company has 8 first-class subsidiaries and 1 subsidiary. The business scope covers life insurance, property insurance, enterprise and occupational annuities, banks, funds, asset management, wealth management, industrial investment, overseas business and other fields, and at the same time, it enters securities, trust, futures, real estate and other industries through strategic equity participation.