This is a 4.08% improvment from 2010 when China Life Insurance (NYSE:LFC) reported total premiums income of RMB227.7 billion.
Investors may wonder why stock price of China Life (NYSE:LFC) fell over 40% YTD when the company is reporting healthy top line growth. The problem is with net income. We argued that the Company paid out a lot more for insurance claims than it did in the past. See our related analysis after 2011 second quarter report came out: Large claims related payout hurts LFC profitability.
Shares of rival Ping An Insurance (HKG:2318) and China Pacific Insurance (HKG:2601) are down -33.9% and -12.7% YTD, respectively.