China Life Expects 95% Increase in Nine-Month Net Profit

By Joanne Chiu Features Dow Jones Newswires

China Life Insurance Co. (2628.HK) said it expects net profit for the first nine months to rise 95% from the 13.53 billion yuan ($2.04 billion) last year.

Continue Reading Below

The Chinese insurer said after markets closed Friday that the expected strong results were driven by higher investment income during the period.

Write to Joanne Chiu at joanne.chiu@wsj.com

(END) Dow Jones Newswires

October 20, 2017 05:05 ET (09:05 GMT)