China Life Insurance Co (BUE:LFCHY) Claims Ratio % : 0.00% (As of . 20)

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What is China Life Insurance Co Claims Ratio %?

Claims Ratio % is the percentage of claims costs incurred in relation to the premiums earned.

The historical rank and industry rank for China Life Insurance Co's Claims Ratio % or its related term are showing as below:

BUE:LFCHY's Claims Ratio % is not ranked ^*
in the Insurance industry.
Industry Median:
* Ranked among companies with meaningful Claims Ratio % only.

China Life Insurance Co Claims Ratio % Historical Data

The historical data trend for China Life Insurance Co's Claims Ratio % 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.

* Premium members only.

China Life Insurance Co Claims Ratio % Chart

China Life Insurance Co (BUE:LFCHY) Claims Ratio % Calculation

Claims Ratio % is calculated as

Claims Ratio %

Total Claims

Total Premiums Earned

100%

China Life Insurance Co (BUE:LFCHY) Claims Ratio % Explanation

Claims Ratio % the percentage of claims costs incurred in relation to the premiums earned during the period. It is the equivalent of gross profit margin for an insurance company.

It's important to note that insurance is the business of managing risks and, to do that well, the insurer needs a thorough understanding of the incurred claims ratio. If the value is higher than expected or above established norms, then further investigation is required to figure out why that is (eg: fraud). If it is lower than expected, it could indicate irrelevant products or difficulties in claiming, possibly affecting customer satisfaction.

China Life Insurance Co Claims Ratio % Related Terms

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China Life Insurance Co (BUE:LFCHY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » China Life Insurance Co Ltd (BUE:LFCHY) » Definitions » Claims Ratio %

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.