China Life Insurance Co (SHSE:601628) Scaled Net Operating Assets: 0.07 (As of Mar. 2026)

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SHSE:601628 China Life Insurance Co Ltd SHSE:601628
56 GF Score
Price ¥40.42
GF Value ¥46.57
Valuation Modestly Undervalued
! 2 Warning Signs
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What is China Life Insurance Co Scaled Net Operating Assets?

China Life Insurance Co SHSE:601628 +4.39% 56 Scaled Net Operating Assets is 0.07 as of Mar. 2026. GuruFocus rates SHSE:601628 with a GF Score™ of 56/100 and a GF Value™ of ¥46.57 (Modestly Undervalued). The stock has 2 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

China Life Insurance Co's operating assets for the quarter that ended in Mar. 2026 was ¥7,577,386 Mil. China Life Insurance Co's operating liabilities for the quarter that ended in Mar. 2026 was ¥7,066,170 Mil. China Life Insurance Co's Total Assets for the quarter that ended in Dec. 2025 was ¥7,591,004 Mil. Therefore, China Life Insurance Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.07.

SHSE:601628
56GF Score
China Life Insurance Co Ltd SHSE:601628
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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China Life Insurance Co Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

China Life Insurance Co's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(7447685-6945821)/6769546
=0.07

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=7591004 - 143319
=7447685

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=6982611 - 36784 - 6
=6945821

China Life Insurance Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(7577386-7066170)/7591004
=0.07

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=7715074 - 137688
=7577386

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=7103087 - 36911 - 6
=7066170

* 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.

What does a Scaled Net Operating Assets of 0.07 mean?
China Life Insurance Co (SHSE:601628) has a Scaled Net Operating Assets of 0.07 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on China Life Insurance Co and its competitors.
Is China Life Insurance Co's Scaled Net Operating Assets too high?
China Life Insurance Co's current Scaled Net Operating Assets is 0.07. Overall, China Life Insurance Co has a GF Score™ of 56/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China Life Insurance Co's Scaled Net Operating Assets compare to AFL and MET?
China Life Insurance Co's Scaled Net Operating Assets of 0.07 can be compared against companies in the Insurance industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for an Insurance company?
A good Scaled Net Operating Assets depends on the Insurance industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on China Life Insurance Co and its competitors. China Life Insurance Co's current Scaled Net Operating Assets is 0.07. 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 ¥46.57, compared to a current price of ¥40.42 — trading 13.2% below its estimated fair value. The current Scaled Net Operating Assets is 0.07. China Life Insurance Co's overall GF Score™ is 56/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For China Life Insurance Co (SHSE:601628), the current Scaled Net Operating Assets is 0.07 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 ¥40.42 is trading 13.2% below its estimated GF Value™ of ¥46.57. GuruFocus considers China Life Insurance Co to be Modestly Undervalued.

Key valuation signals for SHSE:601628:

  • Scaled Net Operating Assets: 0.07
  • GF Value™: ¥46.57 vs. price of ¥40.42 (13.2% below fair value)
  • GF Score™: 56/100 with 2 warning signs

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.

China Life Insurance Co Business Description

Address 16, Financial Street, Xicheng District, Beijing, CHN, 100033
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.
56GF Score

Get the complete analysis for SHSE:601628

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

¥40.42
Price
¥46.57
GF Value