China Life Insurance Company Limited (HKG:2628)

HKG:2628 Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	247,636	154,078	106,935	51,184	66,680	50,766
Depreciation & Amortization	4,867	4,892	5,029	5,016	-	4,939
Other Amortization	-	-	-	-	-	389
Gain (Loss) on Sale of Assets	-52	-52	-84	-66	-	1,323
Gain (Loss) on Sale of Investments	-62,507	-62,507	-117,750	50,555	-	26,638
Change in Accounts Receivable	-599	-599	24	-7,863	-	3,627
Change in Deferred Taxes	22,943	22,943	4,707	-1,960	-	-6,741
Change in Insurance Reserves / Liabilities	644,623	644,623	580,024	460,002	-	-
Change in Other Net Operating Assets	13,692	13,692	-15,978	11,202	-	22,090
Other Operating Activities	-429,438	-318,342	-184,121	-168,491	278,604	227,854
Operating Cash Flow	442,362	459,925	378,795	384,366	345,284	286,446
Operating Cash Flow Growth	10.96%	21.42%	-1.45%	11.32%	20.54%	-5.78%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-2,364	-3,056	-3,979	-4,171	-3,076	-5,583
Sale of Property, Plant & Equipment	229	290	261	1,051	363	341
Cash Acquisitions	-17,128	-14,158	-13,724	-34,043	-34,743	-35,923
Investment in Securities	-664,554	-783,992	-535,951	-566,072	-301,220	-492,242
Other Investing Activities	196,038	196,128	190,109	178,999	176,010	174,488
Investing Cash Flow	-421,770	-547,368	-354,620	-424,236	-158,271	-393,839

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Short-Term Debt Issued	-	-	-	67,129	-	117,211
Long-Term Debt Issued	-	56	35,065	43	688	116
Total Debt Issued	130	56	35,065	67,172	688	117,327
Total Debt Repaid	-108,663	-13,856	-102,087	-1,726	-98,986	-1,528
Lease Payments	-988	-988	-1,074	-1,149	-	-1,517
Net Debt Issued (Repaid)	-108,533	-13,800	-67,022	65,446	-98,298	115,799
Common Dividends Paid	-26,976	-26,602	-26,915	-22,189	-26,386	-26,680
Other Financing Activities	143,194	184,743	7,178	17,016	4,589	22,100
Financing Cash Flow	7,685	144,341	-86,759	60,273	-120,095	111,219

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	-98	-30	28	64	217	-71
Net Cash Flow	28,179	56,868	-62,556	20,467	67,135	3,755

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	439,998	456,869	374,816	380,195	342,208	280,863
Free Cash Flow Growth	11.95%	21.89%	-1.42%	11.10%	21.84%	-5.29%
Free Cash Flow Margin	96.29%	129.84%	119.20%	173.31%	144.63%	35.34%
Free Cash Flow Per Share	15.57	16.16	13.26	13.45	12.11	9.94
Levered Free Cash Flow	747,239	518,147	-756,982	4,857,433	-73,671	-13,297
Unlevered Free Cash Flow	749,816	520,745	-754,357	4,857,433	-73,671	-13,297
Free Cash Flow After Leases	439,010	455,881	373,742	379,046	342,208	279,346

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	-	-	-	-	-	12,714
Cash Income Tax Paid	14,986	12,866	6,521	5,779	6,225	12,078
Change in Working Capital	680,659	680,659	568,777	447,604	-	-25,551

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 14, 2026

Data Sources Report a data error