BEIJING, Oct. 28 (Xinhua) -- China Life Insurance (Group) Company (601628.SH) achieved its net profit of 13.528 billion yuan in the first nine months of this year, down 60 percent year on year, according to a company filing released on Friday.
The decrease of the insurer's net profit was due to decline in its investment income.
The latest statistics showed that from Q1-Q3, the company's investment return totaled 84.945 billion yuan, down 30.3 percent year on year. By the end of September, its investment assets stood at 2.45 trillion yuan.
Its premiums witnessed year-on-year growth of 20.7 percent to 368.078 billion yuan in the first nine months of this year, according to a filing to the stock exchange.
Furthermore, China Securities Finance Corporation Limited added 18.5837 million shares in China Life Insurance (Group) Company to 591.8485 million shares, accounting for 2.09 percent of the total equity. (Edited by Ma Xin, maxin11@xinhua, org)
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