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What is the market value ranking of China Life in 2020?
1. China life insurance company is a central financial enterprise and a large state-owned financial insurance company. Headquartered in Beijing, it is one of the top 500 enterprises in the world, one of the top 500 Chinese brands and a national vice-ministerial unit. China People's Insurance Company was established in 1949. 1996 was further classified as PICC life insurance co., ltd, and 1999 was renamed as China life insurance company. In 2003, with the approval of the State Council and the former China Insurance Regulatory Commission, the former China Life Insurance Company was reorganized into China Life Insurance Company.
2. China Life Insurance Company and its subsidiaries are the largest state-owned financial insurance group in China and important institutional investors in China capital market. Its business scope covers life insurance, property insurance, enterprise and occupational annuities, banks, funds, asset management, wealth management, industrial investment, overseas business and other fields. In 2020, the consolidated operating income of the Group was nearly 1 trillion yuan, the consolidated premium income exceeded 750 billion yuan, the consolidated total assets exceeded 5 trillion yuan, and the consolidated third-party managed assets reached10.8 trillion yuan, maintaining the highest level in history.
3. In 2020, with a brand value of 4 158 1000 billion yuan, China Life Group ranked 127 in the list of the top 500 world brands selected by the World Brand Lab, ahead of China financial and insurance companies. In 20021year, China life group ranked 32nd in the fortune 500 and 5th in the brand 500.
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China Life Insurance Company has 8 branches, 1 branch. They are China Life Insurance Co., Ltd., China Life Asset Management Co., Ltd., China Life Property Insurance Co., Ltd., China Life Pension Insurance Co., Ltd., China Life E-Commerce Co., Ltd., China Life Insurance (Overseas) Co., Ltd., China Life Investment Holdings Co., Ltd., Life and Health Industry Investment Co., Ltd., China Guangfa Bank, a national joint-stock bank, and the affiliated college of Insurance Vocational College.
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