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Life insurer focused on individual and group life, health and annuity products, distributed through agents and bancassurance.
Life insurer focused on individual and group life, health and annuity products, distributed through agents and bancassurance.
Collects premiums on long-term life, health and savings-type policies and invests the money until benefits fall due, so investment income matters alongside insurance margins. Policies are sold through its own agents and bank branches. Central Huijin, a Chinese state investment arm, is the largest shareholder.
Moat: narrow (scale, distribution). Established national agent and bancassurance distribution network among China's top life insurers.
Headquarters: Beijing, China · Founded: 1996
Size New China Life Insurance (601336.SS) is a China Financials company (Multi-Line Insurance) with a market value of $21.7B, the 94th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥52.37 on 6 Nov 2026.
Performance Over six months the shares fell 18.7%, against +11.3% for the median peer and -16.4% for the China market (cap-weighted) — 3rd lowest of 21 in its peer set.
Growth Revenue grew 18.7% over the last twelve months (peer median +6.5%); the operating margin is 17.6% (peer median 9.4%).
Valuation It trades at 1.27× book value against a peer median of 1.68× (6th cheapest of 21).
Price implies The share price implies a return on equity of about 13.6%; New China Life Insurance delivers 22.4%, so the price asks less than the business earns today.
Next results Next results expected around 1 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥158B | CN¥134B | CN¥96.5B | CN¥78.1B | CN¥109B |
| Revenue growth | — | +39% | +23% | -28% | — |
| Net income | CN¥25.7B | CN¥36.3B | CN¥26.2B | CN¥8.71B | CN¥21.5B |
| Free cash flow | CN¥112B | CN¥109B | CN¥95.2B | CN¥89.5B | CN¥86.7B |
| Capital expenditure | CN¥1.27B | CN¥1.48B | CN¥1.10B | CN¥2.09B | CN¥1.79B |
| Total debt | CN¥198B | CN¥214B | CN¥203B | CN¥128B | CN¥54.5B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| New China Life Insurance 601336.SS | $21.7B | -19% | +19% | 22% | 1.27× | 13.6% |
| China Life Insurance 601628.SS | $135B | -3% | +16% | 12% | 1.54× | 13.1% |
| Ping An Insurance (Group) Company of China 601318.SS | $136B | -8% | +12% | 14% | 0.96× | 7.4% |
| China Pacific Insurance (Group) 601601.SS | $42.6B | -14% | +4% | 14% | 0.93× | 8.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 601336.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -6.7% | +4.0% | 2nd lowest of 21 |
| 6-month return | -18.7% | +11.3% | 3rd lowest of 21 |
| Return on equity | 22.4% | 15.7% | 3rd highest of 21 |
| Price / book | 1.27× | 1.68× | 6th cheapest of 21 |
| Trailing P/E | 6.3× | 11.7× | cheapest of 20 |
| ROE the price implies | 13.6% | 10.9% | 6th most demanding of 21 |
| ROE delivered | 22.4% | 14.6% | 3rd highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| New China Life Insurance 601336.SS | China | $21.7B | -19% | +19% | 22% | 1.27× | 13.6% | 22.4% |
| Legal & General LGEN.L | United Kingdom | $21.9B | +24% | +137% | 26% | 7.73× | 70.7% | 26.2% |
| Unipol Assicurazioni UNI.MI | Italy | $23.8B | +13% | +7% | 17% | 1.62× | 14.9% | 16.9% |
| Helvetia Baloise HBAN.SW | Switzerland | $27.0B | +5% | +54% | 4% | 1.80× | 4.8% | 4.0% |
| ASR Nederland ASRNL.AS | Netherlands | $17.3B | +14% | +6% | 13% | 1.74× | 8.3% | 13.1% |
| W. R. Berkley WRB | United States | $27.9B | +16% | +1% | 19% | 2.91× | 12.8% | 19.2% |
| Cincinnati Financial CINF | United States | $28.5B | +15% | +10% | 17% | 1.76× | 10.6% | 16.9% |
| Powszechny Zaklad Ubezpieczen Spolka Akcyjna PZU.WA | Poland | $16.1B | +15% | +1% | 20% | 1.83× | 19.5% | 19.5% |
| Aviva AV..L | United Kingdom | $29.5B | +18% | +86% | 7% | 2.46× | 23.8% | 6.8% |
| Prudential 2378.HK | Hong Kong | $30.8B | -24% | +30% | 19% | 1.54× | 11.3% | 19.3% |
| Brookfield Wealth Solutions BNT.TO | Canada | $14.9B | -8% | -18% | 1% | 0.70× | 9.4% | 0.7% |
| Suncorp SUN.AX | Australia | $14.9B | +21% | -3% | 10% | 2.08× | 11.7% | 9.8% |
| Prudential plc Sponsored ADR PUK | United States | $31.7B | -21% | +39% | 19% | 1.56× | 11.4% | 19.2% |
| Gjensidige Forsikring GJF.OL | Norway | $14.7B | +9% | +7% | 30% | 5.73× | 19.1% | 29.9% |
| Mapfre MAP.MC | Spain | $14.1B | -2% | +5% | 12% | 1.26× | 8.4% | 12.4% |
| Arch Capital ACGL | United States | $36.6B | +14% | -5% | 19% | 1.58× | 8.3% | 18.7% |
| CNA Financial CNA | United States | $12.8B | +9% | +2% | 10% | 1.25× | 7.2% | 9.6% |
| Aegon AGN.AS | Netherlands | $12.7B | +4% | +16% | 10% | 1.25× | 8.2% | 10.5% |
| Unum UNM | United States | $12.2B | -5% | -5% | 3% | 1.52× | 8.1% | 2.6% |
| Globe Life GL | United States | $12.1B | +4% | +6% | 21% | 2.08× | 11.7% | n/a |
| Sompo 8630.T | Japan | $39.6B | +17% | +41% | 15% | 1.14× | 6.2% | 14.6% |