Apr. 26, 2012 (China Knowledge) - China Life Insurance Co Ltd<601628
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Basic earnings per share were RMB 0.20 in the first quarter, down from RMB 0.28 in the same period of last year.
The life insurer saw its operating revenue slide 5.77% year on year to RMB 131.92 billion in the first three months. Insurance premium income declined 7.61% year on year to RMB 112.74 billion during the period.
China Life booked RMB 19.02 billion of in investment income in the quarter, reflecting a growth of 10.74% year on year, and investment return rose 1.6 percentage points year on year to 2.71%.
At the end of March, the company's investment assets had reached RMB 1.55 trillion.