China Life Insurance 2015 profit rises 7.7 pct, misses estimates

March 23, 2016 10:26 AM

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BEIJING/SHANGHAI, March 23 China Life Insurance Co Ltd posted a 7.7 percent rise in 2015 net profit, but fell short of expectations.

China's largest insurer by market value in Asia Pacific said net profit for the year ended Dec. 31 rose to 34.7 billion yuan ($5.3 billion) from 32.2 billion yuan a year earlier.

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