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China Life Insurance posts 33% YOY increase in Q2 net profit

China LifeInsurance Co. Ltd. reported a 33% year-over-year increase in netprofit for the second quarter.

The company on July 11 posted second-quarter net profit of NT$3.22billion, up from NT$2.42 billion in the prior-year period.

For the first half, the company's net profit clocked in atNT$5.92 billion, up 4% year over year from NT$5.71 billion. EPS for the firsthalf came to NT$1.77.

The company's first year premium rose 43% year over year inthe first half to NT$51.47 billion, while total premium climbed 36% to NT$95.31billion.

As of July 11, US$1was equivalent to NT$32.22.