
New China Life Insurance Co., Ltd., founded in 1996 and one of the world's top 500 companies, provides all kinds of convenient/life insurance/health insurance/personal accident insurance and endowment insurance services
Founded in September 1996 and headquartered in Beijing, New China Life Insurance Co., Ltd. (hereinafter referred to as "New China Insurance" or the "Company") is a large-scale national life insurance company, and currently owns subsidiaries such as Xinhua Asset Management Co., Ltd. and Xinhua Home Pension Enterprise Management (Beijing) Co., Ltd. In 2011, New China Insurance was simultaneously listed on the Hong Kong Stock Exchange and the Shanghai Stock Exchange with the A-share code of 601336 and the H-share code of 1336.
With a strong team of life insurance sales personnel and about 52,500 regular employees, Xinhua Insurance has established an institutional network and diversified sales channels covering almost all provinces, municipalities and autonomous regions across the country, with about 1,700 branches at all levels across the country, providing about 27,703,000 individual life insurance customers and about 60,000 institutional customers with various convenient and high-quality life insurance, health insurance, personal accident insurance and endowment insurance services.
The company has a good shareholding structure, and its main shareholders include Central Huijin Investment Co., Ltd., Baosteel Group Co., Ltd. and other large enterprises.
In 2015, the company achieved insurance business income of RMB 111.859 billion, the company's total assets reached 660.56 billion yuan, and the premium income maintained the top three position in the industry for six consecutive years, and in the first three quarters of 2016, the company achieved insurance business income of RMB 93.418 billion, and the company's total assets reached 689.096 billion yuan.
After being shortlisted for the first time in the Forbes Global 500 in 2014, the company made a strong list again in 2015 and 2016, ranking 297th in the world in 2016. In the 2016 China Top 500 list released by Fortune (Chinese version), the company ranked 35th.