China Guangfa Bank Co. Ltd ("Cgb") was China Life Insurance’s largest revenue line in fiscal 2022, bringing in $75.15B of $120.82B (62%).
| Associates [axis] | FY 2022 |
|---|---|
| China Guangfa Bank Co. Ltd ("Cgb") | $75.15B |
| Sino-Ocean Group Holding Limited ("Sino-Ocean") | $42.45B |
| Cofco Futures Company Limited ("Cofco Futures") | $3.22B |
| Total | $120.82B |
China Life Insurance brought in $120.82B from its three revenue lines in fiscal 2022, the year ended December 31, 2022. China Guangfa Bank Co. Ltd ("Cgb") was the largest at $75.15B (62.2%), ahead of Sino-Ocean Group Holding Limited ("Sino-Ocean") at $42.45B (35.1%) and Cofco Futures Company Limited ("Cofco Futures") at $3.22B (2.7%).
Life was China Life Insurance’s largest segment in fiscal 2021, bringing in $663.21B of $828.07B (80%).
| Segment | FY 2016 | FY 2018 | FY 2021 |
|---|---|---|---|
| Life | $519.29B | $663.21B | |
| Health | $84.82B | $126.91B | |
| Accident | $15.19B | $17.05B | |
| Others | $9.70B | $20.90B | |
| Total | $629.00B | $828.07B |
China Life Insurance brought in $828.07B from its four segments in fiscal 2021, the year ended December 31, 2021. That was up 31.6% from $629.00B in fiscal 2018, the previous year with figures. Life was the largest at $663.21B (80.1%), ahead of Health at $126.91B (15.3%) and Others at $20.90B (2.5%). The remaining segment, Accident, brought in $17.05B.
Compared with fiscal 2018, the previous year with figures, Others grew fastest, up 115.4% to $20.90B. Every segment above 2% of revenue grew. From fiscal 2018 to 2021, combined revenue from these segments grew from $629.00B to $828.07B, a compound annual growth rate of 9.6%. Life's share of the total fell from 82.6% to 80.1%.
China Life Insurance (CILJF) reports its revenue by associates [axis] and by segment. In fiscal 2022, China Guangfa Bank Co. Ltd ("Cgb") was its largest revenue line, bringing in $75.15B (62.2% of the total), followed by Sino-Ocean Group Holding Limited ("Sino-Ocean") at $42.45B (35.1%).
China Guangfa Bank Co. Ltd ("Cgb") was China Life Insurance's largest revenue line in fiscal 2022, bringing in $75.15B, or 62.2% of the $120.82B total across its three revenue lines.
Life was China Life Insurance's largest segment in fiscal 2021, bringing in $663.21B, or 80.1% of the $828.07B total across its four segments.
Every figure comes from China Life Insurance's annual financial filings, as reported. Each line keeps the name China Life Insurance gives it, and years follow its fiscal calendar.
China Life Insurance's revenue by associates [axis] goes back to fiscal 2022, with figures through fiscal 2022. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.