China Life Insurance Company Limited

DB:CHL Stock Report

Market Cap: €123.7b

China Life Insurance Past Earnings Performance

Past criteria checks 2/6

China Life Insurance's earnings have been declining at an average annual rate of -7.8%, while the Insurance industry saw earnings growing at 13.7% annually. Revenues have been declining at an average rate of 3.2% per year. China Life Insurance's return on equity is 15.5%, and it has net margins of 10.8%.

Key information

-7.8%

Earnings growth rate

-7.9%

EPS growth rate

Insurance Industry Growth5.9%
Revenue growth rate-3.2%
Return on equity15.5%
Net Margin10.8%
Next Earnings Update27 Mar 2025

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How China Life Insurance makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

DB:CHL Revenue, expenses and earnings (CNY Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 24812,90587,46940,1710
30 Jun 24765,80724,77240,0310
31 Mar 24740,01118,98440,2770
31 Dec 23734,84621,11040,1270
30 Sep 23271,30739,22117,8270
30 Jun 23371,29041,34225,1190
31 Mar 23499,33639,70032,9180
31 Dec 22765,86832,08240,9790
30 Sep 22771,15533,30541,8150
30 Jun 22775,61035,15441,8480
31 Mar 22767,00837,33342,0490
31 Dec 21794,69450,76641,8920
30 Sep 21808,45151,46440,4030
30 Jun 21810,36160,69039,8500
31 Mar 21809,79761,55138,3960
31 Dec 20778,86350,05638,7000
30 Sep 20774,71147,26940,8420
30 Jun 20758,84650,62841,2380
31 Mar 20722,12048,94942,5500
31 Dec 19689,16657,89341,1660
30 Sep 19665,55948,84441,2730
30 Jun 19632,87132,18740,3820
31 Mar 19639,16523,52739,1390
31 Dec 18518,79411,01138,3010
30 Sep 18527,25824,91738,6010
30 Jun 18534,22136,05438,2110
31 Mar 18518,23439,24237,4090
31 Dec 17555,72731,87336,7380
30 Sep 17542,14832,03833,9410
30 Jun 17515,89520,58833,2700
31 Mar 17512,37019,63933,0190
31 Dec 16472,61118,74132,6280
30 Sep 16458,88814,20530,0550
30 Jun 16426,04913,42029,2820
31 Mar 16443,14727,49428,4710
31 Dec 15402,55234,51427,9560
30 Sep 15417,85338,49527,1700
30 Jun 15420,26045,29326,8710
31 Mar 15346,35737,25426,2460
31 Dec 14346,67132,21125,9010
30 Sep 14320,66728,62925,2460
30 Jun 14322,84026,97425,0990
31 Mar 14371,28621,91625,2390

Quality Earnings: CHL has a large one-off gain of CN¥31.6B impacting its last 12 months of financial results to 30th September, 2024.

Growing Profit Margin: CHL's current net profit margins (10.8%) are lower than last year (14.5%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: CHL's earnings have declined by 7.8% per year over the past 5 years.

Accelerating Growth: CHL's earnings growth over the past year (123%) exceeds its 5-year average (-7.8% per year).

Earnings vs Industry: CHL earnings growth over the past year (123%) exceeded the Insurance industry 17.8%.

Return on Equity

High ROE: CHL's Return on Equity (15.5%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/02 06:37
End of Day Share Price 2025/01/02 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

China Life Insurance Company Limited is covered by 63 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Mark William KellockBarclays
Dorris ChenBNP Paribas Securities (Asia)
Michael LiBofA Global Research