China Life Insurance Co (HK:2628) has released an update.
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China Life Insurance Co. has reported a significant increase in performance for the first half of 2024, with record-high gross written premiums of RMB 489.56 billion and a net profit of RMB 38.28 billion, indicating strong development resilience. The company has proposed an interim cash dividend of RMB 2.0 per 10 shares, reflecting its commitment to shareholder returns amidst its contributions to national economic stability and social development. Additionally, China Life has been a key player in the development of China’s multi-tiered social security system, with nearly RMB 4 trillion in pension reserves and a focus on green transformation investments exceeding RMB 4.25 trillion.
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