Arab Today, arab today china life\s q3 profits down 46
Last Updated : GMT 06:27:20
Arab Today, arab today
Arab Today, arab today

China Life\'s Q3 profits down 46 %

Arab Today, arab today

Arab Today, arab today China Life\'s Q3 profits down 46 %

Beijing - Xinhuanet

China Life Insurance Company Limited, the nation\'s largest life insurer, said Thursday that its net profit in the third quarter dropped 46 percent year-on-year, dampened by falling premium revenue and security-trading losses. Q3 net profits totaled 3.75 billion yuan (586 million U.S. dollars). The profits in the first three quarters this year fell 33 percent from the same period a year ago to 16.72 billion yuan. China Life\'s total premium revenue stood at 67.92 billion yuan for the quarter, down 6 percent year-on-year. Meanwhile, the company\'s market value dropped 487 million yuan during the period, largely due to the Shanghai Composite Index tumbling 15 percent. Its market value during the third quarter last year gained 515 million yuan. With its profits highly depending on investments, China Life is more sensitive to the changes in the stock market than its main competitor, Ping An Insurance (Group) Company of China, Ltd. 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china life\s q3 profits down 46 Arab Today, arab today china life\s q3 profits down 46

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china life\s q3 profits down 46 Arab Today, arab today china life\s q3 profits down 46

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday