Summary by Moomoo AI
China Life Insurance Co., Ltd. (China Life) issued a summary of the insurance company's ability to pay report for the first quarter of 2024. The report shows that the company's core solvency ratio is 154.97% and the comprehensive solvency ratio is 209.17%, which is well above regulatory requirements, indicating that the company is solvent. During the reporting period, authorized assets increased to RMB5,981.97 billion and authorized liabilities increased to RMB4,986.56 billion. Actual capital increased to RMB 995.41 billion. The minimum capital increased to RMB 475.88 billion. The company's net cash flow from operating activities was RMB103.64 billion, and liquidity risk regulatory indicators met regulatory standards. In addition, the main risks faced by the company include reputational risk and liquidity risk, but the company has taken...Show More