China Life Insurance (Group) Co., Ltd. is a state-owned super-large financial insurance enterprise, headquartered in Beijing, and one of the world's top 500 enterprises. 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 consent of the State Council and the approval of the China Insurance Regulatory Commission, the former China Life Insurance Company was reorganized into China Life Insurance (Group) Company, with its business scope covering life insurance, property insurance, pension insurance (enterprise annuity), asset management, alternative investment, overseas business, e-commerce and other fields, and it also participated in many other financial and non-financial institutions such as banks and securities companies through capital operation.
China Life Insurance (Group) Company and its subsidiaries constitute the largest state-owned financial insurance group in China. In 20 13, the total premium income reached 386.8 billion yuan, the market share of domestic life insurance business was 3 1.6%, and the total assets reached 2407 1 billion yuan, making it one of the largest institutional investors in China capital market. /kloc-in 0/2, he was selected as the Fortune Global 500, ranking 94th. It has been selected as one of the top 500 global brands for seven consecutive years, ranking 237th. Following the simultaneous listing in new york and Hong Kong in June 5438+February 2003, its life insurance company returned to the domestic A-share market in June 2007+10, becoming the "first insurance stock" in the mainland capital market and the first insurance company listed in new york, Hong Kong and Shanghai in the world, becoming the largest listed life insurance company in the world.
Reference: China Life Insurance (Group) Company _ Baidu Encyclopedia
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