http://www.chinavestor.com/life-insurance/71392-china-life-january-sales-up-14-percent-to-62-billion.html
March 3, 2010 (Chinavestor) China Life Insurance (NYSE:LFC), the largest Chinese life insurer, reported premiums income, or revenue from sale of insurance policies, for the month of January 2010 as follows. Total premiums income from 1 January 2010 to 31 January 2010 was about RMB41.8 billion ($6.119 billion).Given that 2009 January sale of insurance policies was RMB36.6 billion ($5.3579 billion), January 2010 numbers represent an increase of 14.2% from last year data.
Another important development to notice is that January 2010 data is by far the best achieved by China Life Insurance (NYSE:LFC) in the last 13 months as the following chart testifies.
Shares of China Life Insurance (NYSE:LFC) have been under weather along the uncertain outlook for the Shanghai Composite Index. China Life derives a significant portion of total net income from investment returns related to the performance of the Shanghai Composite Index. China Life Insurance (NYSE:LFC) has a significant investment in index heavy weight stock such as Petrochina (SHA:601857) and Industrial and Commercial Bank of China (SHA:601398).
If China Life Insurance (NYSE:LFC) can demonstrate strong revenue growth - as is the case fro January - stock price appreciation will follow.
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