China Life Insurance Company Limited (HKG:2628)

Hong Kong · Delayed Price · Currency is HKD

23.16

-0.68 (-2.85%)

Nov 13, 2026, 4:08 PM HKT

HKG:2628 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Investments in Debt Securities	4,548,688	4,100,034	3,655,649	3,127,698	1,574,204	2,327,297
Investments in Equity & Preferred Securities	325,925	625,664	473,894	1,358,473	262,488	893,696
Policy Loans	-	-	-	-	-	236,209
Other Investments	1,001,679	468,208	467,911	423,607	2,485,998	539,762
Total Investments	7,864,956	7,272,896	6,517,871	4,922,531	4,335,883	4,217,102
Cash & Equivalents	121,512	133,750	80,619	103,718	128,956	55,819
Reinsurance Recoverable	29,925	30,014	30,738	25,846	24,096	6,630
Other Receivables	-	37,469	22,014	407,899	391,521	522,837
Separate Account Assets	-	-	-	-	-	9
Property, Plant & Equipment	52,643	54,446	55,221	54,774	55,887	57,388
Other Intangible Assets	7,804	8,090	8,262	8,369	8,532	8,507
Restricted Cash	-	9,569	5,900	46,802	-	5,075
Other Current Assets	-	1,942	759	661	-	7,546
Long-Term Deferred Tax Assets	35,025	34,431	40,026	74,818	46,126	121
Long-Term Deferred Charges	-	418	441	473	-	822
Other Long-Term Assets	40,782	7,979	7,695	7,836	19,067	10,624
Total Assets	8,152,647	7,591,004	6,769,546	5,653,727	5,010,068	4,892,480

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Accrued Expenses	11,718	14,814	11,814	11,160	12,075	19,074
Insurance & Annuity Liabilities	7,013,935	-	-	-	4,266,947	3,843,528
Unpaid Claims	-	63,641	64,339	62,108	-	83,052
Unearned Premiums	1,832	6,360,700	5,789,447	4,845,945	49,654	62,761
Reinsurance Payable	270	312	160	188	160	808
Current Portion of Long-Term Debt	-	-	9,471	-	-	794
Current Portion of Leases	-	777	767	757	-	1,093
Short-Term Debt	192,630	331,869	151,629	216,704	148,958	240,922
Current Income Taxes Payable	1,223	298	237	309	942	248
Long-Term Debt	35,099	35,245	38,416	47,718	47,771	51,946
Long-Term Leases	1,383	762	551	498	1,569	1,089
Long-Term Deferred Tax Liabilities	1,732	1,480	147	1,549	272	7,481
Separate Account Liability	-	-	-	-	-	9
Other Current Liabilities	110,383	87,656	60,859	8,292	-	1,159
Other Long-Term Liabilities	116,562	83,520	119,145	119,940	106,747	89,371
Total Liabilities	7,486,767	6,982,611	6,248,298	5,316,011	4,635,095	4,405,346

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Common Stock	28,265	28,265	28,265	28,265	28,265	28,265
Additional Paid-In Capital	55,129	53,861	53,861	53,934	53,554	55,004
Retained Earnings	754,461	697,747	559,221	433,633	396,312	345,493
Comprehensive Income & Other	-186,051	-184,668	-131,672	-188,048	-112,110	50,299
Total Common Equity	651,804	595,205	509,675	327,784	366,021	479,061
Minority Interest	14,076	13,188	11,573	9,932	8,952	8,073
Shareholders' Equity	665,880	608,393	521,248	337,716	374,973	487,134
Total Liabilities & Equity	8,152,647	7,591,004	6,769,546	5,653,727	5,010,068	4,892,480

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Filing Date Shares Outstanding	28,265	28,265	28,265	28,265	28,265	28,265
Total Common Shares Outstanding	28,265	28,265	28,265	28,265	28,265	28,265
Total Debt	229,112	368,653	200,834	265,677	198,298	295,844
Net Cash (Debt)	-107,600	-234,903	-120,215	-161,959	-69,342	-240,025
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-3.80	-8.31	-4.25	-5.73	-2.45	-8.49
Book Value Per Share	23.06	21.06	18.03	11.60	12.95	16.95
Tangible Book Value	644,000	587,115	501,413	319,415	357,489	470,554
Tangible Book Value Per Share	22.78	20.77	17.74	11.30	12.65	16.65
Buildings	-	68,722	65,032	63,464	-	59,802
Machinery	-	12,183	12,005	11,308	-	9,705
Construction In Progress	-	3,778	5,819	5,182	-	6,789