China Life sees first-quarter net profits leap by 80pc

China Life, the largest life insurer on the mainland, said net profit grew nearly 80 per cent, to 10 billion yuan (HK$12.45 billion), in the first quarter compared with the same period last year.

The jump was thanks to an increase in investment yield and improvement on impairment losses, the insurer said.

Shares in China Life rose 0.73 per cent to close at HK$20.6 before the announcement was made.

via Business feed http://www.scmp.com/business/companies/article/1223275/china-life-sees-first-quarter-net-profits-leap-80pc