China Life Insurance CoSHSE:601628 -1.09%50 Net Margin % is 21.64% as of Mar. 2026, which is 257% above its 10-year median of 6.07. GuruFocus rates SHSE:601628 with a GF Score™ of 50/100 and a GF Value™ of ¥46.19 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 506 Insurance companies, China Life Insurance Co ranks better than 87.35% on this metric.
The historical rank and industry rank for China Life Insurance Co's Net Margin % or its related term are showing as below:
SHSE:601628'
s Net Margin % Range Over the Past 10 Years
Min: 1.79 Med: 6.07 Max: 25.46
Current: 24.56
SHSE:601628's Net Margin % is ranked better than 87.35% of 506
companies
in the Insurance industry
Industry Median: 9.275
vs SHSE:601628: 24.56
China Life Insurance Co (SHSE:601628) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
China Life Insurance Co Net Margin % Related Terms
China Life Insurance Co Net Margin % Historical Data
* 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.
SHSE:601628 vs AFL, MET, PRU: Net Margin % Comparison
For the Insurance - Life subindustry, China Life Insurance Co's Net Margin %, along with its competitors' market caps and Net Margin % 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 Net Margin % vs Insurance Industry
For the Insurance industry and Financial Services sector, China Life Insurance Co's Net Margin % distribution charts can be found below:
* The bar in red indicates where China Life Insurance Co's Net Margin % falls into.
* 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.
China Life Insurance Co (SHSE:601628) has a Net Margin % of 21.64% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on China Life Insurance Co and its competitors. This is 257% above median its historical median of 6.07. Over the past decade, China Life Insurance Co's Net Margin % has ranged from 1.79 to 25.46. According to the industry distribution chart, China Life Insurance Co ranks #64 out of 506 companies in the Insurance industry, placing it in the top 12.6%.
Is China Life Insurance Co's Net Margin % too high?
China Life Insurance Co's current Net Margin % of 21.64% is 257% above median its 10-year median of 6.07. Over the past 10 years, this metric has ranged from a low of 1.79 to a high of 25.46. The Insurance industry median Net Margin % is 9.28. China Life Insurance Co's value of 21.64% is 133.3% above this industry median. Based on the distribution chart, China Life Insurance Co ranks #64 out of 506 companies in the Insurance industry, which is in the top quartile — a strong position relative to peers. Overall, China Life Insurance Co has a GF Score™ of 50/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China Life Insurance Co's Net Margin % compare to AFL and MET?
According to the Insurance industry distribution chart, China Life Insurance Co ranks #64 out of 506 companies for Net Margin %. This places China Life Insurance Co in the top 13% of its industry — outperforming the majority of peers. The industry median Net Margin % is 9.28. China Life Insurance Co's value of 21.64% is 133.3% above this benchmark. Historically, China Life Insurance Co's own Net Margin % has ranged from 1.79 to 25.46 over the past decade. While the company's 10-year median is 6.07 vs. the industry median of 9.28, China Life Insurance Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for an Insurance company?
The median Net Margin % among Insurance companies is 9.28, based on 506 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. China Life Insurance Co's current Net Margin % of 21.64% is 133.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on China Life Insurance Co and its competitors. For the Insurance industry, the median Net Margin % is 9.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Life Insurance Co's current Net Margin % is 21.64%, which is 257% above median its own 10-year median of 6.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Life Insurance Co stock overvalued right now?
Based on GuruFocus' analysis, China Life Insurance Co (SHSE:601628) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥46.19, compared to a current price of ¥35.35 — trading 23.5% below its estimated fair value. The current Net Margin % is 21.64%, which is 257% above median its 10-year median of 6.07 and 133.3% above the Insurance industry median of 9.28. China Life Insurance Co's overall GF Score™ is 50/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For China Life Insurance Co (SHSE:601628), the current Net Margin % is 21.64% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is China Life Insurance Co (SHSE:601628) Overvalued in 2026?
Based on GuruFocus' analysis, China Life Insurance Co stock appears to be undervalued.
The current stock price of ¥35.35 is trading 23.5% below its estimated GF Value™ of ¥46.19.
GuruFocus considers China Life Insurance Co to be Modestly Undervalued.
Key valuation signals for SHSE:601628:
Net Margin %: 21.64% (257% above median its 10-year median of 6.07)
GF Value™: ¥46.19 vs. price of ¥35.35 (23.5% below fair value)
Industry Position: 133.3% above the Insurance median (#64 of 506)
No single metric tells the full story. See the SHSE:601628 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
As the largest life insurance company in China, China Life commands about 16% market share by end-2024. 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 focusing on building a senior-care ecosystem and reforming a new agent team for long-term growth.
50GF Score
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