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Citi: CHINA LIFE 9M26 NBV Still Leads Peers; NP Dented by Investments
2026-11-02 14:48:08
Citi published a research report covering CHINA LIFE (02628.HK), which announced results for 9M26. New business value (NBV) elevated 13% YoY, still leading peers. Net profit dropped 47% YoY to RMB89.4 billion, dented by investments and broadly in line. Operating profit after tax (OPAT) hiked 16% YoY to RMB94.2 billion, accelerating from the 13% growth in 1H26.

Citi assigned CHINA LIFE a Buy rating with a TP of HKD37.7.
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