Chinese Life Insurance (Group) Company, a Fortune 500 enterprise, a large state-owned financial and insurance group, and a large institutional investor in the domestic capital market, covering life insurance, property insurance, pension insurance, asset management, overseas business, e-commerce and other fields
Chinese Life Insurance (Group) Company is a state-owned super-large financial and insurance enterprise, headquartered in Beijing, a Fortune 500 enterprise, a top 500 Chinese brand, and a national vice-ministerial unit. The predecessor of the company was the original Chinese People's Insurance Company, which was established in 1949, was divided into China Insurance Life Insurance Co., Ltd. in 1996, and changed its name to Chinese Life Insurance Company in 1999.
In 2003, with the consent of the State Council and the approval of the Insurance Regulatory Commission, the former Chinese Life Insurance Company was reorganized and restructured into Chinese Life Insurance (Group) Company, with a business scope covering life insurance, property insurance, endowment insurance (enterprise annuity), asset management, alternative investment, overseas business, e-commerce and other fields, and participated in a number of banks, securities companies and other financial and non-financial institutions through capital operation.
Chinese Life Insurance (Group) Company and its subsidiaries constitute the largest state-owned financial and insurance group in China. In 2013, the total premium income reached 386.8 billion yuan, the market share of domestic life insurance business was 31.6%, and the total assets reached 2,407.1 billion yuan, making it one of the largest institutional investors in China's capital market. It has been selected into the Fortune Global 500 for 13 consecutive years, ranking 54th; It has been selected as one of the top 500 world brands for 7 consecutive years, ranking 237th, and ranked 15th among the top 500 Chinese brands of the China Brand Value Research Institute. Following its simultaneous listing in New York and Hong Kong in December 2003, the company returned to the domestic A-share market in January 2007, becoming the "first insurance company" in the mainland capital market and the first insurance company in the world to be listed in New York, Hong Kong and Shanghai, and has become the world's largest listed life insurance company by market capitalization. In August 2016, Chinese Life Insurance (Group) Company ranked 12th among the top 500 Chinese enterprises in 2016.
