China Life Insurance Co stock analysis
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China Life Insurance Co (2628) Stock Price & Analysis
2628 Stock Chart & Stats
- Day’s Range
- HKD 22.92 - HKD 23.84
- 52-Week Range
- HKD 22.24 - HKD 36.16
- Previous Close
- HKD 23.84
- Volume
- N/A
- Average Volume (3M)
- 52.19M
- Market Cap
- HKD 1.03T
- Enterprise Value
- HKD 967.83B
- Total Cash (Recent Filing)
- HKD 121.51B
- Total Debt (Recent Filing)
- HKD 36.49B
- Price to Earnings (P/E)
- 13.0
- Beta
- 1.22
- Next Earnings
- Apr 01, 2027 (Est.)
- EPS Estimate
- -2.34
- Last Dividend Ex-Date
- Oct 08, 2026
- Dividend Yield
- 4.87%
Bulls Say, Bears Say
Bulls Say
Strong Cash Generation
Consistent conversion of earnings into substantial free cash flow supports China Life’s ability to meet policyholder obligations, fund operations, and maintain financial flexibility. This durable cash-generation profile can also support dividends, investment capacity, and resilience through changing insurance cycles.
Conservative Balance Sheet
Low annual leverage and a growing equity base provide a strong capital foundation for a long-duration insurer with significant policyholder obligations. The marked improvement in ROE during 2024–2025 also indicates that the company has recently generated attractive returns on its capital base.
Broad Insurance Platform
A broad product range and multi-channel distribution give China Life several routes to reach individual and institutional customers. Its position across protection products and established sales channels can support customer access, policy diversification, and recurring premium relationships over multiple years.
Bears Say
Recent Revenue Contraction
The sharp TTM revenue decline and lower margin show that recent earnings power has been materially less stable than the strong 2024–2025 results suggest. If this weaker trajectory persists, it could reduce retained capital, constrain investment capacity, and make future profitability more dependent on recovery.
Higher Recent Leverage
The recent increase in leverage weakens the otherwise conservative balance-sheet profile and reduces financial flexibility relative to prior annual periods. Lower ROE alongside higher debt-to-equity suggests a less favorable recent earnings mix, which could make capital management more important over the next several quarters.
Investment-market Exposure
Because China Life invests a significant portion of collected premiums, profitability and capital strength remain exposed to changes in rates and financial markets. This structural reliance can create earnings variability and affect the valuation of assets and liabilities even when underwriting operations remain stable.
2628 FAQ
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China Life Insurance Co Stock Smart Score
Company Description
China Life Insurance Co
Operating across the People's Republic of China, China Life Insurance Company Limited, supported by its various subsidiaries, serves as a prominent provider of life insurance services. The company structures its extensive operations into four principal divisions: Life Insurance, Health Insurance, Accident Insurance, and a category for Other Businesses. It offers a wide array of protective insurance products, which include critical illness coverage, annuity schemes, specialized policies targeting children, women, and pension planning, in addition to general security, life, medical, and accident safeguards. The firm's origins trace back to 1949, and its central office is situated in Beijing, PRC. Ultimately, China Life Insurance Company Limited is an integral part of the China Life Insurance (Group) Company Limited, operating as one of its subsidiaries.
- Sector
- Financial
- Industry
- Insurance - Life
- CEO
- Li Mingguang
- Employees
- 97,505
- Website
- www.e-chinalife.com
- Address
- 16 Financial Street, Beijing, BE, 100033, CN
China Life Insurance Co (2628) Earnings & Revenues
2628 Earnings Call
Earnings Call SentimentPositive
The earnings call presented a strong financial performance with record-high premiums and net profit, coupled with significant growth in investment income and improved operational efficiency. However, concerns about volatility under new accounting standards and challenges in transitioning the product mix were also highlighted.
View all HK:2628 earnings summaries2628 Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 2 | 5 | 15 |
| Technical Analysis | 2 | 5 | 3 |
| Moving Averages | 0 | 0 | 12 |
