China Life Insurance is a state-owned super-large financial and insurance enterprise company; Headquartered in Beijing, it is a central financial enterprise, a fortune 500 enterprise and a fortune 500 Chinese brand. The company's predecessor was the former China People's Insurance Company, which was established in 1949. In 1996, it was divided into PICC Life Insurance Co., Ltd., and changed its name to China Life Insurance Company in 1999. In 2003, with the approval of the State Council and the former China Insurance Regulatory Commission, the former China Life Insurance Company was reorganized into China Life Insurance Company.
China Life Insurance Company and its subsidiaries constitute the largest state-owned financial insurance group in China, and are also important institutional investors in China capital market. The business scope covers life insurance, property insurance, enterprise and occupational annuities, banks, funds, asset management, wealth management, industrial investment, overseas business and other fields.
In 20 19, the consolidated operating income of the group company was 906.7 billion yuan, the consolidated premium income was 697.7 billion yuan, and the consolidated total assets exceeded 4.5 trillion yuan. 17 was selected as a Fortune Global 500 enterprise, and its ranking jumped from 290th in 2003 to 5 1 in 20 19. It has been selected as one of the top 500 brands in the world for 12 years, and its brand value reached 353.987 billion yuan in 20 19 years. Selected as one of the top 500 Chinese brands in China Brand Value Research Institute, ranking 15.
On September 20 19 1 20 19, the list of the top 500 service enterprises in China was released in Jinan, and China Life Insurance Company ranked 7th. On 20 19 1 1.8, China Life won the 14th China Insurance Innovation Award 20 19 Best Life Insurance Company Award.