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 (Group) Company.
China Life Insurance (Group) 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.
A subsidiary of an enterprise.
China Life Insurance (Group) Co., Ltd. has eight first-class subsidiaries, including China Life Insurance Co., Ltd., China Life Asset Management Co., Ltd., China Life Property Insurance Co., Ltd., China Life Pension Insurance Co., Ltd., China Life E-commerce Co., Ltd., China Life Insurance (Overseas) Co., Ltd., China Life Investment Holdings Co., Ltd., China Life Health Industry Investment Co., Ltd. and 1 0 national joint-stock banks.
Honors won by the company
In August, 2023, with the revenue of 15 1 487.2 (million dollars), it was selected as the Fortune Global 500 list in 2023, ranking 54th.
From June 5438 to February 2023, he was selected as the 20th People's Ingenuity Award (Ingenuity Brand).
In May, 2022, he was selected into the Forbes 2022 Global Enterprise 2000 list, ranking 7 1.
In July 2022, Forbes released the list of the top 500 China in 2022, and China Life ranked 8202 1, with revenue of 858.505 billion yuan.
In August, 2022, he was selected into the Fortune Global 500 list in 2022, ranking 40th.
In August 2022, it was selected into the list of the top 500 world brands in 2022, ranking 33rd.
In August 2022, it was selected as one of the top 500 Chinese brands in 2022.
On September 6, 2022, it was ranked among the top 500 Chinese enterprises in 2022 12.
Company development strategy
The company comprehensively analyzes the internal and external situation and its own conditions, firmly establishes the strategic goal of building a world-class financial and insurance group, and determines the strategic thinking of "three-oriented, four-oriented and three-oriented", the strategic deployment of "two-step" and the strategic focus of "five in one".
Company operation concept
The company has always adhered to the political and people-oriented nature of financial work, carried forward the professionalism, adhered to the core concept of corporate culture of "adult, self-achievement", practiced the corporate mission of "serving the overall situation of national development and ensuring people's better life", effectively played the role of economic "shock absorber" and social "stabilizer", and strived to make steady progress towards "building a world-class financial and insurance group" in corporate vision, and strive to build a socialist modern power in an all-round way with actual achievements, and realize.