1. China Life Insurance (Group) (referred to as China Life) is a state-owned large-scale financial and insurance company; its headquarters is located in Beijing. It is one of the world's top 500 companies and one of the top 500 Chinese brands. It is a central financial enterprise.
The company's predecessor was the People's Insurance Company of China founded in 1949. In 1996, it was established as China Life Insurance Co., Ltd. and in 1999 it was renamed China Life Insurance Company.
In 2003, with the approval of the State Council and the former China Insurance Regulatory Commission, the original China Life Insurance Company was reorganized and restructured into China Life Insurance (Group) Company; 2. China Life Insurance (Group) Company and its subsidiaries constitute the largest insurance company in my country. The state-owned financial and insurance group is also an important institutional investor in my country's capital market.
The business scope comprehensively covers life insurance, property and casualty insurance, corporate and occupational annuities, banking, funds, asset management, wealth management, industrial investment, overseas business and other fields; 3. In 2018, the group company’s consolidated operating income was 768.4 billion yuan; Consolidated premiums
Revenue is 646.7 billion yuan, and combined total assets are nearly 4 trillion yuan.
Selected into the Fortune Global 500 for 17 consecutive years, with the ranking jumping from 290th in 2003 to 51st in 2019; Selected into the World's Top 500 Brands for 12 consecutive years, with a brand value of RMB 353.987 billion in 2019; Selected into the "Chinese Brands"
Value Research Institute" Top 500 Chinese Brands, ranking 15th.
; 4. On September 1, 2019, the 2019 Top 500 Chinese Service Enterprises list was released in Jinan, with China Life Insurance (Group) Company ranked 7th.
On November 8, 2019, China Life Insurance (Group) Company won the 2019 Best Life Insurance Company Award in the 2019 Culture and Brand Award of the 14th China Insurance Innovation Awards.