China Life Insurance (Group) Co., Ltd. is a central financial enterprise with total assets of 5.25 trillion yuan. Headquartered in Beijing, it is one of the top 500 enterprises in the world and one of the top 500 Chinese brands. The company's predecessor was the former China People's Insurance Company, which was established in 1949. In 1996, it was divided into PICC Life Insurance Co., Ltd., and changed its name to China Life Insurance Company in 1999. In 2003, with the approval of the State Council and the former China Insurance Regulatory Commission, the former China Life Insurance Company was reorganized into China Life Insurance (Group) Company.
China Life Insurance (Group) Company and its subsidiaries constitute the largest state-owned financial insurance group in China, and are also important institutional investors in China capital market. The business scope covers life insurance, property insurance, enterprise and occupational annuities, banks, funds, asset management, wealth management, industrial investment, overseas business and other fields.
In 2022, China Life Insurance Group consolidated its operating income on a platform of trillions of dollars, with consolidated total assets exceeding 6 trillion yuan, providing risk protection for economic and social development of about 6 10 trillion yuan, and the stock of direct investment in the real economy exceeding 3.9 trillion yuan.