New China Life Insurance Company Ltd.
1336Company Overview
The company was founded in September 1996 and is headquartered in Beijing. It is a nationally specialized large-scale listed life insurance enterprise. The company's business scope includes: personal insurance in RMB and foreign currency (including various types of life insurance, health insurance, accident insurance); acting as insurance, inspection, and claim settlement services for domestic and foreign insurance institutions; insurance consulting; and carrying out capital utilization business in accordance with relevant regulations. Main products: Renminbi and foreign currency personal insurance (including various types of life insurance, health insurance, accident insurance), etc. Corporate honors: No. 330 of the top 2000 listed companies in the world in 2020, No. 62nd in the Fortune China 500 in 2020, No. 235 in the 2020 ranking of the top 500 Asian brands, etc.
Shariah Compliance Benchmarks:
- Business Compliance: Non-Shariah compliant revenue must be less than 5% of total revenue
- Liabilities Compliance: Interest-bearing debt must be less than 33% of market capitalization
This stock does not meet all Shariah compliance criteria according to AAOIFI standards.
| Name | New China Life Insurance Company Ltd. |
| Ticker | 1336 |
| Main Business | Insurance—Life |
| Type | Common Stock |
| Industry | Insurance—Life |
| Country | HK |
| Market Cap | $6.09 B |
Shariah Analysis Breakdown
| Revenue Segment | Value ($M) | Non-Compliant ($M) | Reason |
|---|---|---|---|
| Traditional insurance | $32,830.0 | $32,830.0 | insurance |
| participating insurance | $14,090.0 | $14,090.0 | insurance |
| Other business | $2,490.0 | $0.0 | - |
| Offset | $-454.0 | $0.0 | - |
| Interest income | $0.0 | $0.0 | - |
| Total | $48,956.0 | $46,920.0 | 48.94% (failed) |
| Liability Item | Value ($M) | % of Market Cap |
|---|---|---|
| insurance contract | $161,064,425,770.3 | 2,645.60% |
| financial liabilities measured at fair value through profit or loss | $502,801,120.4 | 8.26% |
| Total Interest-Bearing Debt | $161,567,226,890.8 | 2,653.86% |
| Market Capitalization | $6,088,000,000.0 | 100.00% |
| Compliance Status | Threshold: 33% | failed |