New China Life Insurance Co Ltd - Company Profile
Powered by 
All the sales intelligence you need on New China Life Insurance Co Ltd in one solution.
- Save hours of research time with a comprehensive
Sales Intelligence Solution.
- Understand how New China Life Insurance Co Ltd fits into your total
addressable market and Ideal Customer Profile.
- Gain competitive edge with triggers that tell you
when and how to engage with New China Life Insurance Co Ltd.
Get in touch about GlobalData Company reports
Contact the team or request a demo to find out how our data can drive your business forward
New China Life Insurance Co Ltd (NCI) is a nationwide life insurance company. The company primarily engages in providing life insurance products and services. Its major offerings include life insurance, annuity insurance, accident insurance, and health insurance products. NCI is associated with notable product series such as multiple protection and health guard. The company's products cater to individual and institutional customers, addressing needs in personal security, healthcare, old-age care, wealth management, and children's education. It operates through various distribution channels, including individual insurance and bancassurance channels. NCI serves a wide range of geographic locations and target markets across China. NCI is headquartered in Beijing, China.
Headquarters
China
Address
New China Life Insurance Mansion, Beijing, 100000
Website
www.newchinalife.com
Telephone
86 10 85213233
No of Employees
27,726
Industry
Financial Services
Ticker Symbol & Exchange
601336 (SHA)
Revenue (2024)
$11.1B
11.7%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
38.3%
(2024 vs 2023)
Market Cap*
$24.1B
Net Profit Margin (2024)
XYZ
23.8%
(2024 vs 2023)
* As of and is in US$
New China Life Insurance Co Ltd premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Health Insurance | Claims Settlement |
| Child Insurance | |
| Accident Insurance | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Acquisitions/Mergers/Takeovers | In June, the company acquired a 5.45% stake in Bank of Hangzhou Co., Ltd from Commonwealth Bank of Australia. |
| 2024 | Contracts/Agreements | In September, the company signed a partnership with Huize Holding to introduce Bliss No.2, a customized lifetime annuity product. |
| 2024 | Others | In February, the company was affirmed with a financial ratio of “A” with a stable outlook by Fitch. |
Competitor Comparison
| Key Parameters | New China Life Insurance Co Ltd | China Pacific Life Insurance Co Ltd | Taiping Life Insurance Co Ltd | Sino-US United Metlife Insurance Co Ltd | Ping An Life Insurance Company of China Ltd |
|---|---|---|---|---|---|
| Headquarters | China | China | China | China | China |
| City | Beijing | Shanghai | Shanghai | Shanghai | Shenzhen |
| State/Province | Beijing | Shanghai | Shanghai | Shanghai | Shenzhen |
| No. of Employees | 27,726 | - | - | - | - |
| Entity Type | Public | Private | Private | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Yang Yucheng | Chairman | Executive Board | 2023 | 55 |
| Gong Xingfeng | Director; Chief Financial Officer; President | Executive Board | 2024 | 56 |
| Wang Xigang | Chief Compliance Officer | Senior Management | - | - |
| Pan Xing | General Manager - Product Marketing Department; Chief Actuary | Senior Management | - | - |
| Qin Hongbo | Vice President | Senior Management | 2022 | 51 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
Still looking?
Have you found what you were looking for? From start-ups to market leaders, uncover what they do and how they do it.
Explorer
Access more premium companies when you subscribe to Explorer