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China Life Insurance Co Ltd Class H (CILJF)
OTHER OTC:CILJF
RESEARCH TOOLSreports
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Earnings Data
Report Date
Mar 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.34Last Year’s EPS
-$0.02Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: -10.85%
|Next Earnings Date:Mar 26, 2025
Earnings Call Sentiment|Positive
The earnings call presented a strong financial performance with record-high premiums and net profit, coupled with significant growth in investment income and improved operational efficiency. However, concerns about volatility under new accounting standards and challenges in transitioning the product mix were also highlighted.Company Guidance
During the earnings call for Q3 2024, the executives provided comprehensive guidance on the company's financial performance and strategic focus areas. The company reported gross written premiums of RMB 600 billion, marking a year-on-year increase of 5.1%, with renewal premiums increasing by 7.5% to RMB 410.7 billion and first-year regular premiums rising by 6.8% to RMB 113.2 billion. The surrender rate decreased to 0.74%, enhancing operational quality. Investment income also saw a significant rise, with gross investment income reaching RMB 261.4 billion, up by 152%, and the net investment income at RMB 144.7 billion, an increase of 3.9%. The company's total assets amounted to RMB 6.48 trillion, reflecting an 11.7% growth. Additionally, the core solvency ratio stood at 154.58%, while the comprehensive solvency ratio was at 211.64%, both indicating robust financial health. The management emphasized their commitment to a customer-centric approach, focusing on diversified products and optimizing asset-liability management to ensure sustainable, high-quality growth.Record-High Gross Written Premiums
The company's gross written premiums reached RMB 600 billion, a record high, with a year-on-year increase of 5.1%.
Significant Increase in Investment Income
Gross investment income grew by 152% year-on-year, totaling RMB 261.4 billion, with a gross investment yield of 5.38%.
Record Net Profit
Net profit attributable to equity holders was RMB 104.5 billion, marking a year-on-year increase of 174%.
Improved Operational Efficiency
Operational quality and efficiency improved with the value of new business increasing by 25.1% compared to the previous year.
Stable Sales Force
The sales force was stabilized with 694,000 members, showing improved momentum and a 17.7% increase in monthly average first-year regular premium per agent.
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CILJF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CILJF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $2.12 | $2.00 | -5.66% |
| Aug 29, 2024 | $1.42 | $1.43 | +0.70% |
| Apr 26, 2024 | $1.32 | $1.32 | 0.00% |
| Mar 27, 2024 | $1.20 | $1.15 | -4.17% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does China Life Insurance Co Ltd Class H (CILJF) report earnings?
China Life Insurance Co Ltd Class H (CILJF) is schdueled to report earning on Mar 26, 2025, TBA Not Confirmed.
What is China Life Insurance Co Ltd Class H (CILJF) earnings time?
China Life Insurance Co Ltd Class H (CILJF) earnings time is at Mar 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CILJF EPS forecast?
CILJF EPS forecast for the fiscal quarter 2024 (Q4) is $0.34.
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