China Life Insurance Co Ltd A (601628) - Net Assets

Latest as of September 2025: CN¥638.68 Billion CNY

Based on the latest financial reports, China Life Insurance Co Ltd A (601628) has net assets worth CN¥638.68 Billion CNY as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥7.42 Trillion) and total liabilities (CN¥6.78 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	CN¥638.68 Billion
% of Total Assets	8.61%
Annual Growth Rate	N/A
5-Year Change	14.07%
10-Year Change	59.79%
Growth Volatility	23.73

China Life Insurance Co Ltd A - Net Assets Trend (2000–2024)

This chart illustrates how China Life Insurance Co Ltd A'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 A (2000–2024)

The table below shows the annual net assets of China Life Insurance Co Ltd A from 2000 to 2024.

Year	Net Assets	Change
2024-12-31	CN¥521.25 Billion	+54.35%
2023-12-31	CN¥337.72 Billion	-24.13%
2022-12-31	CN¥445.12 Billion	-8.62%
2021-12-31	CN¥487.13 Billion	+6.61%
2020-12-31	CN¥456.94 Billion	+11.63%
2019-12-31	CN¥409.34 Billion	+26.62%
2018-12-31	CN¥323.29 Billion	-0.62%
2017-12-31	CN¥325.31 Billion	+5.74%
2016-12-31	CN¥307.65 Billion	-5.69%
2015-12-31	CN¥326.21 Billion	+13.53%
2014-12-31	CN¥287.33 Billion	+29.09%
2013-12-31	CN¥222.59 Billion	-0.23%
2012-12-31	CN¥223.10 Billion	+15.36%
2011-12-31	CN¥193.39 Billion	-8.12%
2010-12-31	CN¥210.47 Billion	-1.08%
2009-12-31	CN¥212.78 Billion	+21.68%
2008-12-31	CN¥174.87 Billion	+2.21%
2007-12-31	CN¥171.09 Billion	+47.37%
2006-12-31	CN¥116.10 Billion	+83.20%
2005-12-31	CN¥63.37 Billion	+9.50%
2004-12-31	CN¥57.87 Billion	+5.41%
2003-12-31	CN¥54.90 Billion	+122.60%
2002-12-31	CN¥-242.91 Billion	-1.84%
2001-12-31	CN¥-238.52 Billion	+29.84%
2000-12-31	CN¥-339.99 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to China Life Insurance Co Ltd A'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	CN¥362.38 Billion	71.10%
Common Stock	CN¥28.27 Billion	5.55%
Other Components	CN¥119.03 Billion	23.35%
Total Equity	CN¥509.68 Billion	100.00%

China Life Insurance Co Ltd A Competitors by Market Cap

The table below lists competitors of China Life Insurance Co Ltd A ranked by their market capitalization.

Company	Market Cap
Banco Bilbao Vizcaya Argentaria SA MC:BBVA	$115.90 Billion
Delta Electronics (Thailand) Public Company Limited BK:DELTA	$116.25 Billion
The Progressive Corporation SA:P1GR34	$116.81 Billion
Progressive Corp NYSE:PGR	$119.16 Billion
Capital One Financial Corporation NYSE:COF	$114.98 Billion
Enbridge Inc NYSE:ENB	$114.70 Billion
GSK plc SA:G1SK34	$114.11 Billion
Arm Holdings plc F:O9T	$114.06 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in China Life Insurance Co Ltd A's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 327,784,000,000 to 509,675,000,000, a change of 181,891,000,000 (55.5%).
Net income of 106,935,000,000 contributed positively to equity growth.
Dividend payments of 26,915,000,000 reduced retained earnings.
Other factors increased equity by 101,871,000,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CN¥106.94 Billion	+20.98%
Dividends Paid	CN¥26.91 Billion	-5.28%
Other Changes	CN¥101.87 Billion	+19.99%
Total Change	CN¥-	55.49%

Book Value vs Market Value Analysis

This analysis compares China Life Insurance Co Ltd A'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: 2.10x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2001-12-31	CN¥-12.20	CN¥37.87	x
2002-12-31	CN¥-12.42	CN¥37.87	x
2003-12-31	CN¥2.67	CN¥37.87	x
2004-12-31	CN¥2.17	CN¥37.87	x
2005-12-31	CN¥2.37	CN¥37.87	x
2006-12-31	CN¥4.34	CN¥37.87	x
2007-12-31	CN¥6.02	CN¥37.87	x
2008-12-31	CN¥6.15	CN¥37.87	x
2009-12-31	CN¥7.47	CN¥37.87	x
2010-12-31	CN¥7.38	CN¥37.87	x
2011-12-31	CN¥6.78	CN¥37.87	x
2012-12-31	CN¥7.82	CN¥37.87	x
2013-12-31	CN¥7.80	CN¥37.87	x
2014-12-31	CN¥10.05	CN¥37.87	x
2015-12-31	CN¥11.41	CN¥37.87	x
2016-12-31	CN¥10.74	CN¥37.87	x
2017-12-31	CN¥11.35	CN¥37.87	x
2018-12-31	CN¥11.26	CN¥37.87	x
2019-12-31	CN¥14.29	CN¥37.87	x
2020-12-31	CN¥15.92	CN¥37.87	x
2021-12-31	CN¥16.95	CN¥37.87	x
2022-12-31	CN¥15.43	CN¥37.87	x
2023-12-31	CN¥11.60	CN¥37.87	x
2024-12-31	CN¥18.02	CN¥37.87	x

Capital Efficiency Dashboard

This dashboard shows how efficiently China Life Insurance Co Ltd A 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 (10.07%), 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	CN¥19.17 Billion
2002	0.00%	-4.74%	0.24x	0.00x	CN¥20.80 Billion
2003	1.77%	14.91%	0.02x	5.62x	CN¥-4.49 Billion
2004	5.08%	28.04%	0.03x	7.09x	CN¥-2.83 Billion
2005	8.67%	68.96%	0.02x	8.29x	CN¥-839.10 Million
2006	12.45%	6.30%	0.31x	6.29x	CN¥2.83 Billion
2007	22.95%	20.41%	0.21x	5.26x	CN¥22.04 Billion
2008	11.00%	6.11%	0.32x	5.68x	CN¥1.74 Billion
2009	15.58%	9.63%	0.28x	5.81x	CN¥11.77 Billion
2010	16.11%	8.69%	0.27x	6.76x	CN¥12.76 Billion
2011	9.57%	4.78%	0.24x	8.27x	CN¥-822.00 Million
2012	5.00%	2.75%	0.21x	8.59x	CN¥-11.05 Billion
2013	11.24%	5.89%	0.21x	8.95x	CN¥2.73 Billion
2014	11.34%	9.29%	0.15x	7.91x	CN¥3.80 Billion
2015	10.76%	8.62%	0.16x	7.59x	CN¥2.45 Billion
2016	6.30%	4.05%	0.18x	8.88x	CN¥-11.24 Billion
2017	10.05%	5.80%	0.19x	9.03x	CN¥159.70 Million
2018	3.58%	2.20%	0.16x	10.22x	CN¥-20.44 Billion
2019	14.44%	8.46%	0.18x	9.23x	CN¥17.91 Billion
2020	11.17%	6.45%	0.18x	9.45x	CN¥5.25 Billion
2021	10.60%	6.39%	0.16x	10.21x	CN¥2.86 Billion
2022	7.36%	3.90%	0.16x	12.04x	CN¥-11.53 Billion
2023	15.62%	12.91%	0.07x	17.25x	CN¥18.41 Billion
2024	20.98%	20.88%	0.08x	13.28x	CN¥55.97 Billion

Industry Comparison

This section compares China Life Insurance Co Ltd A's net assets metrics with peer companies in the Insurance - Life industry.

Industry Context

Industry: Insurance - Life
Average net assets among peers: $11,113,419,932
Average return on equity (ROE) among peers: 4.50%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
China Life Insurance Co Ltd A (601628)	CN¥638.68 Billion	0.00%	10.61x	$115.40 Billion
Hubei Biocause Pharmaceutical (000627)	$20.40 Billion	8.72%	4.78x	$1.13 Billion
COFCO Capital Holdings Co Ltd (002423)	$1.83 Billion	0.28%	1.06x	$3.49 Billion

About China Life Insurance Co Ltd A

SHG:601628 China Insurance - Life

Market Cap

$115.40 Billion

CN¥788.59 Billion CNY

Market Cap Rank

#173 Global

#8 in China

Share Price

CN¥37.87

Change (1 day)

+0.45%

52-Week Range

CN¥35.69 - CN¥51.03

All Time High

CN¥51.03