New China Life Insurance

New China Life Insurance is a large Chinese insurance company offering traditional security and new-type life insurance products.

Launch date

Sep 1996

Employees

Market cap

Enterprise valuation

$11.5b (Public information from Sep 2024)

Beijing China (HQ)

http://newchinalife.com

https://www.linkedin.com/company/new-china-life-insuranceco-ltd-/https://apps.apple.com/app/id581867199

Revenues, earnings & profits over time

CNY	2020	2021	2022	2023	2024	2025	2026
Revenues	206.3b	222.0b	214.3b	72.2b	38.4b	58.7b	68.1b
% growth	19 %	8 %	(3 %)	(66 %)	(47 %)	53 %	16 %
Profit	14.3b	14.9b	9.8b	8.7b	12.4b	13.1b	13.6b
% profit margin	7 %	7 %	5 %	12 %	32 %	22 %	20 %
EV / revenue	0.9x	0.7x	0.5x	2.6x	2.7x	1.8x	1.5x

Date	Investors	Amount	Round
-	Ardian Affirma Capital	N/A	-
Jun 2011	CICC CITIC PE	N/A	Seed
Dec 2011	N/A	N/A	IPO
Total Funding		-

Tech stackLearn more about the technologies and tools that this company uses.

Beijing Wanda Plaza Industrial

ACQUISITION by CICC Apr 2024