China Life Insurance Co Ltd
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
China Life Insurance Co Ltd (CILJF) - Net Assets
Latest net assets as of June 2025: $535.60 Billion USD
Based on the latest financial reports, China Life Insurance Co Ltd (CILJF) has net assets worth $535.60 Billion USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($7.29 Trillion) and total liabilities ($6.76 Trillion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $535.60 Billion |
| % of Total Assets | 7.34% |
| Annual Growth Rate | 5.01% |
| 5-Year Change | 14.08% |
| 10-Year Change | 59.79% |
| Growth Volatility | 22.97 |
China Life Insurance Co Ltd - Net Assets Trend (2000–2024)
This chart illustrates how China Life Insurance Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for China Life Insurance Co Ltd (2000–2024)
The table below shows the annual net assets of China Life Insurance Co Ltd from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $521.25 Billion | +10.89% |
| 2023-12-31 | $470.04 Billion | +5.60% |
| 2022-12-31 | $445.12 Billion | -8.54% |
| 2021-12-31 | $486.66 Billion | +6.51% |
| 2020-12-31 | $456.93 Billion | +11.63% |
| 2019-12-31 | $409.34 Billion | +26.62% |
| 2018-12-31 | $323.29 Billion | -0.62% |
| 2017-12-31 | $325.31 Billion | +5.74% |
| 2016-12-31 | $307.65 Billion | -5.69% |
| 2015-12-31 | $326.21 Billion | +13.53% |
| 2014-12-31 | $287.33 Billion | +29.09% |
| 2013-12-31 | $222.59 Billion | +3.33% |
| 2012-12-31 | $215.41 Billion | +11.39% |
| 2011-12-31 | $193.39 Billion | -8.12% |
| 2010-12-31 | $210.47 Billion | -1.08% |
| 2009-12-31 | $212.78 Billion | +17.18% |
| 2008-12-31 | $181.57 Billion | -12.02% |
| 2007-12-31 | $206.38 Billion | +47.20% |
| 2006-12-31 | $140.21 Billion | -72.84% |
| 2005-12-31 | $516.17 Billion | +20.34% |
| 2004-12-31 | $428.93 Billion | +32.09% |
| 2003-12-31 | $324.71 Billion | +7.95% |
| 2002-12-31 | $300.79 Billion | +35.96% |
| 2001-12-31 | $221.24 Billion | +37.09% |
| 2000-12-31 | $161.39 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to China Life Insurance Co Ltd'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 36237700000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $362.38 Billion | 71.10% |
| Common Stock | $28.27 Billion | 5.55% |
| Other Comprehensive Income | $-131.97 Billion | -25.89% |
| Other Components | $251.00 Billion | 49.25% |
| Total Equity | $509.68 Billion | 100.00% |
China Life Insurance Co Ltd Competitors by Market Cap
The table below lists competitors of China Life Insurance Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Royal Gold Inc
NASDAQ:RGLD
|
$16.34 Billion |
|
KE HOLDINGS SP.ADS/1 CL.A
F:KE8A
|
$16.34 Billion |
|
nVent Electric PLC
NYSE:NVT
|
$16.41 Billion |
|
NAVER Corp
PINK:NHNCF
|
$16.41 Billion |
|
Samsung Electro-Mechanics
KO:009150
|
$16.32 Billion |
|
LENNAR CORP. B DL-10
F:LNN0
|
$16.31 Billion |
|
MERCK Kommanditgesellschaft auf Aktien
PINK:MKGAF
|
$16.25 Billion |
|
Crédit Agricole S.A
PINK:CRARF
|
$16.25 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in China Life Insurance Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 460,110,000,000 to 509,675,000,000, a change of 49,565,000,000 (10.8%).
- Net income of 106,935,000,000 contributed positively to equity growth.
- Dividend payments of 26,915,000,000 reduced retained earnings.
- Other comprehensive income decreased equity by 143,356,000,000.
- Other factors increased equity by 112,901,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $106.94 Billion | +20.98% |
| Dividends Paid | $26.91 Billion | -5.28% |
| Other Comprehensive Income | $-143.36 Billion | -28.13% |
| Other Changes | $112.90 Billion | +22.15% |
| Total Change | $- | 10.77% |
Book Value vs Market Value Analysis
This analysis compares China Life Insurance Co Ltd'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: 0.10x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | $-12.20 | $1.83 | x |
| 2002-12-31 | $-12.42 | $1.83 | x |
| 2003-12-31 | $3.05 | $1.83 | x |
| 2004-12-31 | $2.51 | $1.83 | x |
| 2005-12-31 | $3.02 | $1.83 | x |
| 2006-12-31 | $5.25 | $1.83 | x |
| 2007-12-31 | $7.27 | $1.83 | x |
| 2008-12-31 | $6.39 | $1.83 | x |
| 2009-12-31 | $7.47 | $1.83 | x |
| 2010-12-31 | $7.38 | $1.83 | x |
| 2011-12-31 | $6.78 | $1.83 | x |
| 2012-12-31 | $7.55 | $1.83 | x |
| 2013-12-31 | $7.80 | $1.83 | x |
| 2014-12-31 | $10.05 | $1.83 | x |
| 2015-12-31 | $11.34 | $1.83 | x |
| 2016-12-31 | $10.48 | $1.83 | x |
| 2017-12-31 | $11.24 | $1.83 | x |
| 2018-12-31 | $11.26 | $1.83 | x |
| 2019-12-31 | $14.20 | $1.83 | x |
| 2020-12-31 | $15.92 | $1.83 | x |
| 2021-12-31 | $16.93 | $1.83 | x |
| 2022-12-31 | $15.43 | $1.83 | x |
| 2023-12-31 | $16.28 | $1.83 | x |
| 2024-12-31 | $18.03 | $1.83 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently China Life Insurance Co Ltd 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): 20.98%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 20.88%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 13.28x
- Recent ROE (20.98%) is above the historical average (8.97%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 0.00% | -7.70% | 0.27x | 0.00x | $19.17 Billion |
| 2002 | 0.00% | -4.74% | 0.24x | 0.00x | $20.80 Billion |
| 2003 | 1.54% | 14.91% | 0.02x | 5.26x | $-5.28 Billion |
| 2004 | 4.39% | 28.04% | 0.02x | 6.51x | $-3.73 Billion |
| 2005 | 6.79% | 68.96% | 0.01x | 6.95x | $-2.58 Billion |
| 2006 | 10.30% | 6.30% | 0.30x | 5.47x | $417.50 Million |
| 2007 | 13.68% | 10.01% | 0.30x | 4.54x | $7.57 Billion |
| 2008 | 10.59% | 6.11% | 0.30x | 5.78x | $1.07 Billion |
| 2009 | 15.58% | 9.63% | 0.28x | 5.81x | $11.77 Billion |
| 2010 | 16.11% | 8.69% | 0.27x | 6.76x | $12.76 Billion |
| 2011 | 9.57% | 4.78% | 0.24x | 8.27x | $-822.00 Million |
| 2012 | 5.18% | 2.75% | 0.21x | 8.86x | $-10.28 Billion |
| 2013 | 11.24% | 5.89% | 0.21x | 8.95x | $2.73 Billion |
| 2014 | 11.34% | 7.29% | 0.20x | 7.91x | $3.80 Billion |
| 2015 | 10.76% | 6.83% | 0.21x | 7.59x | $2.45 Billion |
| 2016 | 6.30% | 3.52% | 0.20x | 8.88x | $-11.24 Billion |
| 2017 | 10.05% | 4.99% | 0.22x | 9.03x | $159.70 Million |
| 2018 | 3.58% | 1.79% | 0.20x | 10.22x | $-20.44 Billion |
| 2019 | 14.44% | 7.92% | 0.20x | 9.23x | $17.91 Billion |
| 2020 | 11.17% | 6.15% | 0.19x | 9.45x | $5.25 Billion |
| 2021 | 10.61% | 5.99% | 0.17x | 10.22x | $2.91 Billion |
| 2022 | 7.36% | 3.90% | 0.16x | 12.04x | $-11.53 Billion |
| 2023 | 3.75% | 2.08% | 0.14x | 12.80x | $-28.75 Billion |
| 2024 | 20.98% | 20.88% | 0.08x | 13.28x | $55.97 Billion |
Industry Comparison
This section compares China Life Insurance Co Ltd's net assets metrics with peer companies in the Insurance - Life industry.
Industry Context
- Industry: Insurance - Life
- Average net assets among peers: $17,876,620,212
- Average return on equity (ROE) among peers: 33.07%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| China Life Insurance Co Ltd (CILJF) | $535.60 Billion | 0.00% | 12.62x | $16.34 Billion |
| AIA Group Ltd (AAIGF) | $145.77 Billion | 1.94% | 0.01x | $75.83 Billion |
| Atlantic American Corporation (AAME) | $78.54 Million | -15.55% | 4.39x | $10.88 Million |
| Abacus Life Inc. (ABL) | $766.89K | 130.06% | 1.40x | $276.35 Million |
| Abacus Global Management, Inc. (ABX) | $28.15 Million | 112.55% | 1.10x | $92.22K |
| Aflac Incorporated (AFL) | $6.64 Billion | 18.89% | 10.95x | $56.14 Billion |
| Anadolu Hayat Emeklilik Anonim Sirketi (AUHYF) | $1.29 Billion | 28.05% | 20.11x | $90.55 Million |
| Brighthouse Financial Inc (BHF) | $5.02 Billion | 7.72% | 46.48x | $3.38 Billion |
| Challenger Limited (CFIGF) | $1.80 Billion | 14.53% | 8.91x | $1.66 Billion |
| Citizens Inc (CIA) | $259.84 Million | -0.53% | 5.72x | $217.90 Million |