China Life Insurance

Beijing-based life, annuity, accident and health insurer

Overview

China Life Insurance writes life, annuity, accident and health insurance through segments organised by line of business.[2] Fortune records revenue of US$178.2bn for 2025, up 11.2% on the previous year, and profit of US$3,548m.[1] It is the largest insurer in the ranking whose revenue comes almost entirely from insurance. It reports 175,710 employees.[1]

China Life Insurance strengths and limitations

Strengths

  • Largest pure-play insurer by revenue
  • Revenue growth of 11.2% in 2025

Limitations

  • Profit margin is low relative to revenue
  • Concentrated in a single national market

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