August 27, 2014 / 9:47 AM / 3 years ago

China Life H1 net profit up 13.6 pct, beats forecasts

HONG KONG, Aug 27 (Reuters) - China Life Insurance Co Ltd , the world’s biggest insurer by market capitalization, said on Wednesday first-half net profit grew 13.6 percent, above analysts’ forecasts.

The company said in a stock exchange filing in Shanghai it had earned 18.4 billion yuan ($3 billion) in the first six months of the year, up from 16.2 billion yuan a year ago.

Analysts polled by Reuters had an average forecast of 16.6 billion yuan for the half. ($1 = 6.1430 Chinese yuan) (Reporting by Lawrence White; Editing by Kenneth Maxwell)

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