Source AP ©

China Life 3Q profit US$1 bln

China’s largest life insurer by premiums China Life Insurance Co. announced Monday that its third-quarter net profit was 7.82 billion yuan (US$1 billion;EUR700 million).

The company said its net profit for the January-September period was 24.70 billion yuan (US$3.3 billion; EUR2.3 billion).

The company, whose yuan-denominated shares started trading on the Shanghai Stock Exchange on Jan. 9, did not provide comparative, year-earlier figures.

The company also has American Depositary Receipts traded in the U.S. and shares traded in Hong Kong.