According to enterprise data, China Life Insurance (Group) Company was formerly known as China People's Insurance Company, which was born 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 China Insurance Regulatory Commission, the former China Life Insurance Company was reorganized into China Life Insurance (Group) Company, and China Life Insurance Co., Ltd. was established exclusively.
At present, the group company consists of China Life Insurance Co., Ltd., China Life Asset Management Co., Ltd., China Life Property Insurance Co., Ltd., China Life Pension Insurance Co., Ltd., China Life E-commerce Co., Ltd., China Life Insurance (Overseas) Co., Ltd., China Life Investment Insurance Asset Management Co., Ltd., China Life Health Industry Investment Co., Ltd. and Insurance Vocational College. On 20 16, China Life became the owner of Guangfa Bank, which opened a new pattern of coordinated development of insurance, investment and banking.
China Life Insurance (Group) Company is a large national financial insurance enterprise. In 2022, the group company merged its operating income into a trillion-dollar platform; The total assets exceeded 6 trillion yuan.
China Life Insurance (Group) Co., Ltd. was selected as one of the Fortune Global 500 enterprises for 2 consecutive years, and its ranking jumped from 290 in 2003 to 54 in 2023. It has been selected as one of the top 500 brands in the world for 16 years, and its brand value reached 485.567 billion yuan in 2023. China Life Insurance Co., Ltd. returned to the domestic A-share market in June 2007 following its overseas listing in February 2003.
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