Valuation China Life Insurance Company Limited

Equities

Market Closed - Hong Kong S.E. Other stock markets 03:08:20 2025-12-10 EST			5-day change	1st Jan Change
27.14 ^HKD	+0.89%		-0.59%	+84.88%

12-09	China Life Insurance's 11-Month Gross Written Premiums Surpass 700 Billion Yuan	MT
12-09	China Life Insurance accumulated premium for Jan to Nov over 700 billion yuan	RE

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	906,560	704,902	861,171	658,702	975,571	1,114,133	-	-
Change	-	-22.24%	22.17%	-23.51%	48.11%	14.2%	-	-
Enterprise Value (EV) ¹	1,028,416	939,335	928,943	773,558	651,366	1,219,616	1,219,616	1,219,616
Change	-	-8.66%	-1.11%	-16.73%	-15.8%	87.24%	0%	0%
P/E ratio	8.13x	5.85x	10.4x	5.64x	3.65x	5.38x	7.21x	6.86x
PBR	0.9x	0.62x	0.77x	0.56x	0.77x	1.14x	1.03x	0.93x
PEG	-	3.45x	-0.3x	0.1x	0x	0.3x	-0.3x	1.34x
Capitalization / Revenue	1.5x	1.15x	1.42x	1.04x	-	1.52x	1.47x	1.39x
EV / Revenue	1.7x	1.54x	1.53x	1.22x	-	1.66x	1.61x	1.52x
EV / EBITDA	-	-	-	-	-	-	-	-
EV / EBIT	22x	23.4x	39.4x	21.2x	5.63x	6.08x	11.2x	10.4x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Dividend per Share ²	0.64	0.65	0.49	0.43	0.65	0.7923	0.7877	0.8263
Rate of return	4.44%	6.18%	4.13%	4.68%	4.71%	3.22%	3.2%	3.35%
EPS ²	1.77	1.8	1.14	1.63	3.78	4.58	3.416	3.59
Distribution rate	36.2%	36.1%	43%	26.4%	17.2%	17.3%	23.1%	23%
Net sales ¹	604,666	611,251	607,825	632,141	-	732,680	756,330	802,810
EBITDA	-	-	-	-	-	-	-	-
EBIT ¹	46,822	40,167	23,563	36,497	115,600	200,680	108,708	117,353
Net income ¹	50,268	50,921	32,082	21,110	106,935	162,690	100,379	120,360
Net Debt ¹	121,856	234,433	67,772	114,856	-324,205	105,483	105,483	105,483
Reference price ²	14.40	10.53	11.85	9.19	13.79	24.64	24.64	24.64
Nbr of stocks (in thousands)	28,264,705	28,264,705	28,264,705	28,264,705	28,264,705	28,264,705	-	-
Announcement Date	3/25/21	3/24/22	3/29/23	3/27/24	3/26/25	-	-	-

¹CNY in Million²CNY

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
CHINA LIFE INSURANCE COMPANY LIMITED	5.33x	1.66x	-	3.24%	157B
AIA GROUP LIMITED	15.43x	-	-	2.48%	104B
LIFE INSURANCE CORPORATION OF INDIA	10.31x	0.53x	12.73x	1.26%	60.61B
FUBON FINANCIAL HOLDING CO., LTD.	12.36x	-	-	3.57%	42.26B
JAPAN POST HOLDINGS CO., LTD.	12.9x	10.4x	121.79x	3.16%	28.68B
SBI LIFE INSURANCE COMPANY LIMITED	72.34x	1.56x	-	0.17%	22.39B
NN GROUP N.V.	11.98x	1.87x	9.8x	5.77%	19.62B
HDFC LIFE INSURANCE COMPANY LIMITED	81.78x	-	-	0.32%	18.31B
IA FINANCIAL CORPORATION INC.	13.51x	-	-	2.28%	11.19B
T&D HOLDINGS, INC.	13.36x	-	-	3.65%	10.84B
Average	24.93x	3.20x	48.11x	2.59%	47.53B
Weighted average by Cap.	16.01x	2.30x	40.92x	2.68%