China Life Insurance Company Limited

2628
Failed

Company Overview

The company is a leading enterprise in the domestic life insurance industry. It is headquartered in Beijing and has a registered capital of RMB 28.265 billion. As a core member of “Fortune” Fortune 500 and China Life Insurance (Group) Company, the company has won the trust of a wide range of customers with its long history, strong strength, professional competitive advantage and world-renowned brand. It has always occupied the position of a leader in the domestic insurance market, and is known as the “mainstay” of the Chinese insurance industry. The company is a leading life insurance company in China. It has an extensive distribution network composed of insurance marketers, group insurance sales personnel, and professional and part-time agents, providing products and services such as personal life insurance, group life insurance, accident insurance, and health insurance. The company is a leading life insurance company in China. It has an extensive distribution network composed of insurance marketers, group insurance sales personnel, and professional and part-time agents, providing products and services such as personal life insurance, group life insurance, accident insurance, and health insurance. The company is one of the largest institutional investors in China, and has become the largest insurance asset in China through its holding China Life Asset Management Co., Ltd. Corporate honors: “2017 Forbes 2000 Global Listed Companies” 52nd; “2017 China Securities Golden Bauhinia Award - Most Valuable Listed Company for Investment”; “2017 Best Life Insurance Company in Asia”; “Golden Dragon Award 2017 Best Life Insurance Company”, etc.

Country
HK
Market Cap
$36.67B
Last Fiscal Year
2023
Final Shariah Status
Failed
Compliance Analysis Overview

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
Business Compliance
0.00% passed
5% Threshold
0.0%
Liabilities Compliance
1861.74% failed
33% Threshold
1861.7%
Final Shariah Status
Failed

This stock does not meet all Shariah compliance criteria according to AAOIFI standards.

Stock Information
Name China Life Insurance Company Limited
Ticker 2628
Main Business Insurance—Life
Type Common Stock
Industry Insurance—Life
Country HK
Market Cap $36.67 B

Shariah Analysis Breakdown

Business compliance Breakdown
Revenue Segment Value ($M) Non-Compliant ($M) Reason
Revenue $829,260.0 $0.0 -
Interest income $0.0 $0.0 -
Total $829,260.0 $0.0 0.00% (passed)
Liabilities Compliance Breakdown
Liability Item Value ($M) % of Market Cap
insurance contract $680,672,268,907.6 1,856.44%
financial liabilities measured at fair value through profit or loss $1,943,977,591.0 5.30%
Total Interest-Bearing Debt $682,616,246,498.6 1,861.74%
Market Capitalization $36,665,538,461.5 100.00%
Compliance Status Threshold: 33% failed