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China Life Insurance (LFC) Company Profile

Updated Jun 19, 2020
China Life Insurance has the following business profile:
Company's Full Name:China Life Insurance Company Limited
Short Name:China Life Insurance
Trading Ticker Symbol:LFC
Primary Exchange:NYSE
Headquarter City/Country:China
Primary Industry Sector:Finance
Seconday Sub-sector:Life Insurance
Main Business Areas: Finance, Life Insurance, Financial Services, Insurance, China
Dividend Payments:Dividend History
ETFs Holding:List of ETFs holding China Life Insurance stock

Market and Trading Information for China Life Insurance

The following details were available for trading and market data about the stock of China Life Insurance as of writing:
Current Share Price:$10.25
Previous Year's Closing Price:$13.83
Percentage Price Change (YTD):-25.89%
Market Cap:$96.13 billion
52-week Price Range:$8.27 - $14.7
Dividend Per Share:$0.82
EPS (TTM):0.67
Price-Earnings (Trailing):15.41
Price-Earnings (Forward):20.92

Company Profile and Business Description for China Life Insurance

China Life Insurance Company Limited, incorporated on June 30, 2003, is a life insurance company. The Company provides a range of insurance products, including individual and group life insurance, health insurance and accident insurance products. It operates through four segments: life insurance, health insurance, accident insurance and other. Its life insurance segment offers participating and non-participating life insurance and annuities to individuals and groups. Its health insurance segment offers short-term and long-term health insurance to individuals and groups. Its accident insurance segment offers short-term and long-term accident insurance to individuals and groups. Its other segment reports the results of the insurance policy management services that it provides to China Life Insurance (Group) Company (CLIC), and the sales agency services that it provides to China Life Property and Casualty Insurance Company Limited (CLPCIC), as well as the results of its associates, joint ventures and subsidiaries. The Company has approximately 220 million individual and group life insurance policies, annuity contracts, health insurance and accident insurance policies in force.

Life Insurance

The Company offers life insurance and annuity products to individuals and groups. It offers group life insurance and annuity products to the employees of companies and institutions through direct sales representatives, as well as insurance agencies and insurance brokerage companies. Its individual life insurance and annuity products consist of whole life and term life insurance, endowment insurance, annuities and universal life insurance. It also offers group annuity products and group whole life and term life insurance products to enterprises and institutions. It also markets each group product as an independent product. It offers both non-participating and participating products. There are approximately 156.9 million non-participating policies and approximately 59.5 million participating policies. It offers non-participating whole life and term life insurance products and participating whole life insurance products. It offers non-participating endowment products and participating endowment products. It offers non-participating group annuities and participating group annuities. Its universal life products are life insurance policies with flexible premium and benefit amounts.

Health Insurance

The Company offers a range of health insurance products and services to both individuals and groups, including disease-specific insurance, medical expense insurance and defined benefit insurance. It offers health insurance products to both individuals and groups. It classifies health insurance products as short-term products, having policy terms of one year, and long-term products, having policy terms over one year. It offers both short-term and long-term defined health benefit plans, medical expense reimbursement plans and disease-specific plans to individuals and groups. It offers defined health benefit plans, which provide a fixed payment based on the number of days of hospitalization for specific diseases or surgical operation. Its medical expense reimbursement plans provide for the reimbursement of a portion of the participant's outpatient or hospitalization treatment fees and expenses. Its disease-specific plans provide a fixed payment benefit for various diseases.

Accident Insurance

The Company offers a range of accident insurance products to both individuals and groups. Individual accident insurance products provide a benefit in the event of death or disability of the insured as a result of an accident, or a reimbursement of medical expenses to the insured in connection with an accident. It offers a range of group accident insurance products and services to businesses, government agencies and other organizations of various sizes. It also offers group accident products targeted at specific industry groups, such as construction worker related accident insurance to construction companies, and law enforcement personnel accident insurance to various law enforcement agencies.

The Company competes with Ping An Life Insurance Company of China, Ltd., New China Life Insurance Co. Ltd., Tai Kang Life Insurance Co. Ltd. and China Pacific Life Insurance Co. Ltd.

No. 16

ETFs Holding China Life Insurance Stock

As of March 2020, the following exchange-traded funds (ETF) hold the China Life Insurance stocks in their respective portfolios. See Full List.

TickerNameShort DescriptionExpense
Ratio
No. of
Holdings
Dividend
Frequency
LEGRFirst Trust Indxx Innovative Transaction & Process ETFThe First Trust Indxx Innovative Transaction & Process ETF tracks an index of global equities selected based on their exposure to the development or usage of blockchain technology.  ...Full Details0.65%101
Full List
Quarterly
ADREInvesco BLDRS Emerging Markets 50 ADR Index FundThe Invesco BLDRS Emerging Markets 50 ADR ETF aims to track a market-cap-weighted index of roughly 50 depositary receipts from emerging markets. The fund is currently heavily weighted in Brazilian ADRs. ...Full Details0.18%51
Full List
Quarterly
FNIFirst Trust ISE Chindia Index FundThe First Trust Chindia ETF tracks an index of stocks from China and India screened by market cap and weighted in tiers. ...Full Details0.6%50
Full List
Quarterly
PGJInvesco Golden Dragon China ETFThe Invesco Golden Dragon China Portfolio ETF tracks a market-cap-weighted index of Chinese stocks. The fund strictly holds US-listed companies that derive a majority of their revenues in China. ...Full Details0.7%71
Full List
Quarterly
AVEMAvantis Emerging Markets Equity ETFAVEM is an actively managed fund that holds emerging-market stocks of all market capitalizations considered favorable on multiple factors. The fund seeks to provide capital appreciation. ...Full Details0.33%1505
Full List

See Full List of ETFs holding China Life Insurance stock in their respective portfolios.

Peer / Competitor Companies of Life Insurance Sector

Along with China Life Insurance Company Limited, the following other peer (competitor) companies also exist within the same Life Insurance - Finance sector whose company profile and dividend history is as follows:

▶ Aegon NV (AEG): Aegon N.V., incorporated in 1983, is an international life insurance, pensions and asset management company. The Companys segments include the Americas, which includes the United States, Mexico and Brazil; the ....See Detailed Company Profile,  Dividend History

▶ American Equity Investment Life Holding (AEL): American Equity Investment Life Holding Company, through its subsidiaries, provides life insurance products and services in the United States. The company issues fixed index and rate annuities; and si....See Detailed Company Profile,  Dividend History

▶ American National Insurance (ANAT): American National Insurance Company is engaged in life insurance, annuities, and property and casualty insurance. The Company also offers limited health insurance. The Company provides personalized service to approximately six ....See Detailed Company Profile,  Dividend History

▶ Athene Holding (ATH): Athene Holding Ltd. is an insurance holding company. The Companys segments include Retirement Services, Corporate and Other. Retirement Services segment consists of the United States and Bermuda operations, which issue ....See Detailed Company Profile,  Dividend History

▶ Atlantic American (AAME): Atlantic American Corporation, incorporated on January 4, 1968, is a holding company that operates through its subsidiaries in specialty markets within the life and health, and property and casualty insurance ....See Detailed Company Profile,  Dividend History

▶ Citizens (CIA): Citizens, Inc. (Citizens), incorporated on November 8, 1977, is an insurance holding company. The Company operates in three business segments: Life Insurance, Home Service and Other Non-Insurance Enterprises. The Companys ....See Detailed Company Profile,  Dividend History

▶ FBL Financial (FFG): FBL Financial Group, Inc., incorporated on October 13, 1993, sells individual life insurance and annuity products principally under the consumer brand name of Farm Bureau Financial Services. The Companys segments ....See Detailed Company Profile,  Dividend History

▶ Genworth Financial (GNW): Genworth Financial, Inc., incorporated on December 5, 2012, provides mortgage insurance products that allow people to purchase homes. The Company offers individual and group long-term care insurance products to meet ....See Detailed Company Profile,  Dividend History

▶ GWG (GWGH): GWG Holdings, Inc. operates as a financial services company. It purchases life insurance policies at a discount to the face value from the secondary market and policy holders, and continue to pay the ....See Detailed Company Profile,  Dividend History

▶ Independence Holding (IHC): Independence Holding Company (IHC), incorporated on April 23, 1980, is a holding company principally engaged in the life and health insurance business. The Companys segments include Medical Stop-Loss; Fully Insured ....See Detailed Company Profile,  Dividend History

▶ Lincoln National (LNC): Lincoln National Corporation, incorporated on January 5, 1968, is a holding company, which operates insurance and retirement businesses through its subsidiary companies. The Company operates in four segments: Annuities, Retirement ....See Detailed Company Profile,  Dividend History

▶ Manulife Financial (MFC): Manulife Financial Corporation, together with its subsidiaries, provides financial advice, insurance, and wealth and asset management solutions for individuals, groups, and institutions in Asia, Canada, and the....See Detailed Company Profile,  Dividend History

▶ MetLife (MET): MetLife, Inc. (MetLife), incorporated on August 10, 1999, is a provider of life insurance, annuities, employee benefits and asset management. The Companys segments include U.S.; Asia; Latin America; Europe, the ....See Detailed Company Profile,  Dividend History

▶ National Security (NSEC): The National Security Group, Inc. (NSG), incorporated on March 20, 1990, is an insurance holding company. The Company, through its subsidiaries, operates through two segments: property and casualty insurance, and ....See Detailed Company Profile,  Dividend History

▶ National Western Life (NWLI): National Western Life Group, Inc., incorporated on March 6, 2015, is a stock life insurance company. The Companys segments include Domestic Life Insurance, International Life Insurance, Annuities and All Others. ....See Detailed Company Profile,  Dividend History

▶ Primerica (PRI): Primerica Inc. (Primerica), incorporated on October 26, 2009, is a distributor of financial products to middle-income households in the United States and Canada. The Company operates through three segments: Term ....See Detailed Company Profile,  Dividend History

▶ Prudential Financial (PRU): Prudential Financial, Inc., incorporated in 1999, is a financial services company. The Company, through its subsidiaries and affiliates, offers a range of financial products and services, which includes life insurance, ....See Detailed Company Profile,  Dividend History

▶ Prudential Financial (PJH): Prudential Financial, Inc., incorporated in 1999, is a financial services company. The Company, through its subsidiaries and affiliates, offers a range of financial products and services, which includes life insurance, ....See Detailed Company Profile,  Dividend History

▶ Prudential Financial (PRH): Prudential Financial, Inc., incorporated in 1999, is a financial services company. The Company, through its subsidiaries and affiliates, offers a range of financial products and services, which includes life insurance, ....See Detailed Company Profile,  Dividend History

▶ Prudential Public (PUK): Prudential plc, together with its subsidiaries, provides a range of retail financial products and services, and asset management services in Asia, the United States, the United Kingdom, Europe, and Africa. The ....See Detailed Company Profile,  Dividend History

... See Full List of All Stocks of Life Insurance Sector.

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