China Life Insurance Co (BUE:LFCHY) Policy Acquisition Expense : ARS0 Mil (As of Mar. 2024)

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What is China Life Insurance Co Policy Acquisition Expense?

Policy acquisition expense is the expenses incurred by insurance companies in activities such as marketing, advertising, commissions etc. China Life Insurance Co's policy acquisition expense for the three months ended in Mar. 2024 was ARS0 Mil. Its policy acquisition expense for the trailing twelve months (TTM) ended in Mar. 2024 was ARS0 Mil.

China Life Insurance Co Policy Acquisition Expense Historical Data

The historical data trend for China Life Insurance Co's Policy Acquisition Expense 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 Policy Acquisition Expense Chart

China Life Insurance Co Annual Data

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Policy Acquisition Expense

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China Life Insurance Co Quarterly Data
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China Life Insurance Co Policy Acquisition Expense Calculation

Expenses incurred by insurance companies in activities such as marketing, advertising, commissions etc.

Policy Acquisition Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ARS0 Mil.

China Life Insurance Co (BUE:LFCHY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » China Life Insurance Co Ltd (BUE:LFCHY) » Definitions » Policy Acquisition Expense

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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.