Financial ResultsChina Life's first-quarter results have outperformed expectations, with Value of New Business (VNB) growing by 26.3% and operating profit increasing by 4.4%, signaling a strong upward trajectory in the company's financial performance.
Investment PerformanceThe insurer's net investment results have seen a significant uptick, posting a 27.0% year-on-year increase to RMB16.1 billion, suggesting a robust recovery in investment earnings and potential for continued growth.
Stock ValuationWith the stock currently trading at attractive valuation multiples, the market is showing optimism as analysts maintain a BUY rating, with a target price that indicates a promising upside potential.