China: Insurer’s Profit Doubles
The China Life Insurance Company, the country’s largest life insurer, said its first-half profit had more than doubled, topping forecasts. It was helped by investment gains in a strong stock market and rising premiums in the fast-growing Chinese economy. China Life said it earned 23.29 billion yuan ($3.08 billion) in the first half, compared with 8.97 billion yuan in the period a year earlier. China Life’s net investment income more than doubled, to 24 billion yuan, from a year earlier. Its gro…
