China Life Insurance Co (China Life Insurance Co) Net Reserve Development From Prior Years (USD Mil) : 0.00 (As of . 20)

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What is China Life Insurance Co Net Reserve Development From Prior Years (USD Mil)?

Net Reserve Development From Prior Years (USD Mil) is the difference between the final losses recorded by an insurer and what the insurer originally recorded.

China Life Insurance Co's Net Reserve Development From Prior Years (USD Mil) for the annual that ended in Dec. 2021 was 94.71 , which higher from pervious year (Dec. 2020)'s result by -235.04%.

The historical rank and industry rank for China Life Insurance Co's Net Reserve Development From Prior Years (USD Mil) or its related term are showing as below:

LFCHY's Net Reserve Development From Prior Years (USD Mil) is not ranked ^*
in the Insurance industry.
Industry Median:
* Ranked among companies with meaningful Net Reserve Development From Prior Years (USD Mil) only.

China Life Insurance Co Net Reserve Development From Prior Years (USD Mil) Historical Data

The historical data trend for China Life Insurance Co's Net Reserve Development From Prior Years (USD Mil) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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China Life Insurance Co Net Reserve Development From Prior Years (USD Mil) Chart

China Life Insurance Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Net Reserve Development From Prior Years (USD Mil)

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Competitive Comparison of China Life Insurance Co's Net Reserve Development From Prior Years (USD Mil)

For the Insurance - Life subindustry, China Life Insurance Co's Net Reserve Development From Prior Years (USD Mil), along with its competitors' market caps and Net Reserve Development From Prior Years (USD Mil) data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

China Life Insurance Co (OTCPK:LFCHY) Net Reserve Development From Prior Years (USD Mil) Explanation

Net Reserve Development From Prior Years (USD Mil) is the difference between the final losses recorded by an insurer and what the insurer originally recorded. Prior years’ loss reserve development is useful to the company's management team, as it allows them to assess the impact of incurred claims from previous calendar years on current period earnings.

Generally, lower Prior Years’ Reserve Development is better because it means a higher accuracy on predicting the loss on incurred claims.

China Life Insurance Co Net Reserve Development From Prior Years (USD Mil) Related Terms

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China Life Insurance Co (China Life Insurance Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » China Life Insurance Co Ltd (OTCPK:LFCHY) » Definitions » Net Reserve Development From Prior Years (USD Mil)

Comparable Companies

Traded in Other Exchanges

CILJF:USA 02628:Hong Kong CHL:Germany 601628:China

Address

No. 16, Financial Street, Xicheng District, Beijing, CHN, 100033

Website

https://www.e-chinalife.com

With headquarters in Beijing and commanding about 20% market share, China Life Insurance is the largest life insurance company in China. The firm offers group and individual life insurance through exclusive agents, bancassurance, and other marketing platforms. While the bulk of profits stem from life insurance policies, additional operations include short-term policies such as accident and health insurance. The company is undergoing a business transformation toward the sale of long-term protection products and away from short-term and single-premium products.