China Life reports RMB 314.50 billion investment income: China Life stock

Published on 10/16/2026 at 15:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half net profit reached RMB 134.49 billion, up 228.60 percent year on year. China Life stock costs EUR 2.68 on October 16, 2026.

Investment income and valuation

China Life recorded RMB 314.50 billion in total investment income during the first half of 2026, according to a September 16, 2026 report.
Net profit attributable to shareholders reached RMB 134.49 billion, an increase of 228.60 percent year on year.
China Life stock costs EUR 2.68 at Lang & Schwarz on October 16, 2026 at 3:40 p.m. CEST.
Citic Securities assigned a RMB 48.75 target on September 16, 2026.

China Life, CNE1000002L3, Illustration mit AI erstellt.

China Life Insurance Company Limited reported RMB 314.50 billion in total investment income for the first half of 2026, up RMB 187.00 billion from the same period of 2025. A September 16, 2026 report by Citic Securities, published by Futubull, linked the increase to portfolio optimization and favorable capital-market conditions. China Life stock was trading at EUR 2.68 at Lang & Schwarz on October 16, 2026 at 3:40 p.m. CEST.

Investment income reshapes first-half results

The investment figure was accompanied by a sharp rise in earnings. Net profit attributable to shareholders reached RMB 134.49 billion in the first half of 2026, an increase of 228.60 percent year on year, while new business value rose 33.70 percent to RMB 38.17 billion. The same report said total investment yield increased by 2.29 percentage points to 5.58 percent.

For investors, the quality of the earnings increase depends on how much of the gain comes from recurring insurance operations and how much reflects market-sensitive investment returns. The report also put adjusted net profit, excluding short-term public-equity fluctuations, at RMB 57.61 billion, up 12.70 percent year on year.

Valuation remains tied to capital returns

Citic Securities set a RMB 48.75 target for China Life on September 16, 2026 and maintained a Buy rating. The report also cited a 2026 price-to-embedded-value ratio of 0.68 and a 2026 dividend yield of 2.50 percent as of September 14, 2026. Those figures provide valuation context without converting the home-market target into the euro quotation.

China Life and insurance peers

China Life: P/E 3.94, market capitalization CNY 974.6 billion.
Ping An Insurance (Shanghai, CNY): plus 0.19 percent, P/E 5.88, market capitalization CNY 884.4 billion.
China Pacific Insurance (Shanghai, CNY): minus 0.20 percent, P/E 5.00, market capitalization CNY 282.1 billion.

Investment returns are the key variable

China Life combines a large investment portfolio with life, health and accident insurance operations. Its first-half investment income increased by RMB 187.00 billion year on year, while new business value grew by RMB 9.64 billion from the comparable period. The contrast makes investment performance and underlying policy growth the two central figures for assessing the interim results.

The further course of trading is shown by the continuously updated real-time quote of China Life stock.