China Life Insurance Company Limited

SEHK-2628

Overview Financials Investor Relations Estimates Ownership Industry Dividends Modeling Filings

Income Statement	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	LTM
Premiums and Annuity Revenues						509,427	571,391	569,671	570,703	583,401	597,822
Total Interest And Dividend Income						90,641	103,569	231,470	119,517	117,074	74,264
Gain (Loss) on Sale of Investments, Total						71,934	86,469	-26,420	63,043	14,759	72,722
Other Revenues, Total						17,164	17,434	19,973	12,605	19,612	20,999
Total Revenues						689,166	778,863	794,694	765,868	734,846	765,807
Total Revenues % Chg.						32.8%	13%	2%	-3.6%	-4.1%	106.3%
Policy Benefits						480,991	575,805	603,685	615,541	586,429	604,966
Policy Acquisition / Underwriting Costs, Total						81,396	84,361	65,744	54,777	63,092	63,169
Selling General & Admin Expenses, Total						41,438	38,935	42,120	41,188	40,348	40,252
Provision for Bad Debts	—	—	—	—	—	—	—	—	—	—	146
Provision For Loan Losses	—	—	—	—	—	-2,718	275	-1,376	1,476	1,507	954
Other Operating Expenses						6,783	12,331	31,744	14,045	16,685	14,500
Total Operating Expenses						613,326	711,157	744,669	724,075	705,047	722,079
Operating Income						75,840	67,706	50,025	41,793	29,799	43,728
Interest Expense, Total						-15,654	-13,027	—	-17,603	-17,323	-19,474
Currency Exchange Gains (Loss)						-67	119	645	-69	-381	-8
Other Non Operating Income (Expenses)	—	—	—	—	—	—	79	87	61	71	205
EBT, Excl. Unusual Items						60,119	54,877	50,757	24,182	12,166	24,451
Gain (Loss) on Sale of Assets						7	36	69	122	73	62
Asset Writedown						-179	-83	-88	-36	-71	-70
Other Unusual Items						-152	-354	-398	-221	-290	-459
EBT, Incl. Unusual Items						59,795	54,476	50,340	24,047	11,878	23,984
Income Tax Expense						781	3,103	-1,917	-9,467	-10,755	-2,352
Earnings From Continuing Operations						59,014	51,373	52,257	33,514	22,633	26,336
Minority Interest						-727	-1,116	-1,491	-1,432	-1,523	-1,564
Net Income						58,287	50,257	50,766	32,082	21,110	24,772
Preferred Dividend and Other Adjustments	—					394	201	—	—	—	—
Net Income to Common Incl Extra Items						57,893	50,056	50,766	32,082	21,110	24,772
Net Income to Common Excl. Extra Items						57,893	50,056	50,766	32,082	21,110	24,772
Total Shares Outstanding						28,265	28,265	28,264.7	28,264.7	28,264.7	28,264.7
Weighted Avg. Shares Outstanding						28,265	28,265	28,265	28,265	28,265	28,265
Weighted Avg. Shares Outstanding Dil						28,265	28,265	28,265	28,265	28,265	28,265
EPS						2	1.8	1.8	1.1	0.7	0.9
EPS Diluted						2	1.8	1.8	1.1	0.7	0.9
EBITDA						78,686	70,937	53,553	45,582	33,618	47,543
Effective Tax Rate						1.3%	5.7%	-3.8%	-39.4%	-90.5%	-9.8%