China Life Insurance Company Limited (CHL) - Net Assets
Based on the latest financial reports, China Life Insurance Company Limited (CHL) has net assets worth €611.99 Billion EUR (≈ $715.48 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€7.72 Trillion ≈ $9.02 Trillion USD) and total liabilities (€7.10 Trillion ≈ $8.30 Trillion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore CHL current and non-current assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €611.99 Billion |
| % of Total Assets | 7.93% |
| Annual Growth Rate | 8.74% |
| 5-Year Change | 25.01% |
| 10-Year Change | 97.76% |
| Growth Volatility | 10.98 |
China Life Insurance Company Limited - Net Assets Trend (2013–2025)
This chart illustrates how China Life Insurance Company Limited's net assets have evolved over time, based on quarterly financial data. Check how tangible is China Life Insurance Company Limited's equity to evaluate the tangible quality of the company's equity base.
Annual Net Assets for China Life Insurance Company Limited (2013–2025)
The table below shows the annual net assets of China Life Insurance Company Limited from 2013 to 2025. For live valuation and market cap data, see CHL market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €608.39 Billion ≈ $711.28 Billion |
+16.72% |
| 2024-12-31 | €521.25 Billion ≈ $609.39 Billion |
+10.89% |
| 2023-12-31 | €470.04 Billion ≈ $549.53 Billion |
+5.60% |
| 2022-12-31 | €445.12 Billion ≈ $520.39 Billion |
-8.54% |
| 2021-12-31 | €486.66 Billion ≈ $568.95 Billion |
+6.51% |
| 2020-12-31 | €456.93 Billion ≈ $534.20 Billion |
+11.63% |
| 2019-12-31 | €409.34 Billion ≈ $478.56 Billion |
+26.62% |
| 2018-12-31 | €323.29 Billion ≈ $377.96 Billion |
-0.62% |
| 2017-12-31 | €325.31 Billion ≈ $380.32 Billion |
+5.74% |
| 2016-12-31 | €307.65 Billion ≈ $359.67 Billion |
-5.69% |
| 2015-12-31 | €326.21 Billion ≈ $381.38 Billion |
+13.53% |
| 2014-12-31 | €287.33 Billion ≈ $335.92 Billion |
+29.09% |
| 2013-12-31 | €222.59 Billion ≈ $260.23 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to China Life Insurance Company Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 214.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €485.60 Billion | 81.59% |
| Other Components | €109.60 Billion | 18.41% |
| Total Equity | €595.21 Billion | 100.00% |
China Life Insurance Company Limited Competitors by Market Cap
The table below lists competitors of China Life Insurance Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kraft Heinz Co
NASDAQ:KHC
|
$27.58 Billion |
|
Huaneng Lancang River Hydropower Inc Class A
SHG:600025
|
$27.59 Billion |
|
Coal India Limited
NSE:COALINDIA
|
$27.60 Billion |
|
Avary Holding Shenzhen Co Ltd Class A
SHE:002938
|
$27.65 Billion |
|
Dover Corporation
NYSE:DOV
|
$27.55 Billion |
|
CenterPoint Energy Inc
NYSE:CNP
|
$27.50 Billion |
|
Sampo A SDB
ST:SAMPO-SDB
|
$27.48 Billion |
|
Weichai Power Co Ltd Class A
SHE:000338
|
$27.48 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in China Life Insurance Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 509,675,000,000 to 595,205,000,000, a change of 85,530,000,000 (16.8%).
- Net income of 154,078,000,000 contributed positively to equity growth.
- Dividend payments of 26,602,000,000 reduced retained earnings.
- Other factors decreased equity by 41,946,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €154.08 Billion | +25.89% |
| Dividends Paid | €26.60 Billion | -4.47% |
| Other Changes | €-41.95 Billion | -7.05% |
| Total Change | €- | 16.78% |
Book Value vs Market Value Analysis
This analysis compares China Life Insurance Company Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.15x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.28x to 0.15x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €11.35 | €3.17 | x |
| 2018-12-31 | €11.26 | €3.17 | x |
| 2019-12-31 | €14.29 | €3.17 | x |
| 2020-12-31 | €15.92 | €3.17 | x |
| 2021-12-31 | €16.93 | €3.17 | x |
| 2022-12-31 | €15.43 | €3.17 | x |
| 2023-12-31 | €16.28 | €3.17 | x |
| 2024-12-31 | €18.03 | €3.17 | x |
| 2025-12-31 | €21.06 | €3.17 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently China Life Insurance Company Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 25.89%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 25.46%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 12.75x
- Recent ROE (25.89%) is above the historical average (11.91%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 11.24% | 5.89% | 0.21x | 8.95x | €2.73 Billion |
| 2014 | 11.34% | 7.25% | 0.20x | 7.91x | €3.80 Billion |
| 2015 | 10.76% | 6.81% | 0.21x | 7.59x | €2.45 Billion |
| 2016 | 6.30% | 3.54% | 0.20x | 8.88x | €-11.24 Billion |
| 2017 | 10.05% | 5.01% | 0.22x | 9.03x | €159.70 Million |
| 2018 | 3.58% | 1.82% | 0.19x | 10.22x | €-20.44 Billion |
| 2019 | 14.44% | 7.99% | 0.20x | 9.23x | €17.91 Billion |
| 2020 | 11.17% | 6.24% | 0.19x | 9.45x | €5.26 Billion |
| 2021 | 10.64% | 6.17% | 0.17x | 10.22x | €3.06 Billion |
| 2022 | 7.36% | 3.99% | 0.15x | 12.04x | €-11.53 Billion |
| 2023 | 11.12% | 12.91% | 0.07x | 12.80x | €5.17 Billion |
| 2024 | 20.98% | 35.30% | 0.04x | 13.28x | €55.97 Billion |
| 2025 | 25.89% | 25.46% | 0.08x | 12.75x | €94.56 Billion |
Industry Comparison
This section compares China Life Insurance Company Limited's net assets metrics with peer companies in the Insurance - Life industry.
Industry Context
- Industry: Insurance - Life
- Average net assets among peers: $206,868,315,222
- Average return on equity (ROE) among peers: 11.89%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| China Life Insurance Company Limited (CHL) | €611.99 Billion | 11.24% | 11.61x | $27.58 Billion |
| CIG PANNONIA LIFE INSURA. (0CKA) | $20.30 Billion | 8.25% | 5.16x | $74.04 Million |
| China Pacific Insurance (Group) Co. Ltd (75C) | $232.41 Billion | 11.55% | 7.37x | $10.84 Billion |
| CHINA PAC.IN.GR.GDR/5 YC1 (75CB) | $334.22 Billion | 16.01% | 8.41x | $31.53 Billion |
| DISCOVERY LTD(UNSP.ADR)/3 (D3H0) | $54.45 Billion | 13.88% | 4.14x | $8.48 Billion |
| HANSARD GLOBAL PLC LS-50 (H9G) | $21.80 Million | 26.15% | 59.49x | $81.93 Million |
| SANLAM LTD RC-01 ADR/2 (LA6S) | $110.16 Billion | 20.19% | 9.29x | $10.98 Billion |
| New China Life Insurance Company Ltd (NCL) | $105.09 Billion | 8.29% | 12.35x | $6.41 Billion |
| Prudential plc (PRU2) | $17.26 Billion | -11.83% | 10.53x | $29.96 Billion |
| Ping An Insurance (Group) Company of China Ltd (PZX) | $987.90 Billion | 14.49% | 8.64x | $56.35 Billion |
About China Life Insurance Company Limited
China Life Insurance Company Limited, together with its subsidiaries, operates as a life insurance company in the People's Republic of China. The company operates through Life Insurance Business, Health Insurance Business, Accident Insurance Business, and Other Businesses segments. It offers life, annuity, health, and accident insurance products to individuals and groups. The company was founded … Read more