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NAO Audits China Life for 2009

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auditor1 January 24, 2011 (Chinavestor) National Audit Office of the People’s Republic of China (the “NAO”) conducted an audit of operations and bookkeeping of China Life Insurance (NYSE:LFC) for the year 2009. While the results of the Audit are not available immediately and will be released to the public in the form of an "Audit Results Announcement" shortly, China Life Insurance (NYSE:LFC) issued a statement concerning the findings.

In the statement, one of the most important thing investrors are concerend is that "The issues identified in the Audit have no material impact on the Company’s overall operating results and its financial statements."

This should give investors an increased level of confidence going forward.

Quick facts:China Life Insurance (NYSE:LFC) Total Premiums Income 2009: RMB 295 billion

LFC_2009_FY_prems


Quick facts:China Life Insurance (NYSE:LFC) Total Premiums Income 2010: RMB 333 billion

LFC_2010_FY_prems

 



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