CHINA LIFE INSURANCE COMPANY LIMITED 2628 2015 12 31 2015 1
5,074.49 15.1% 346.99 7.7%1.227.1% 315.28 35.6% 2015 1 23.0% 24,483.152014 9.0% 5,602.77 23.2% 2015 12 31 330.10% 0.42 2016 5 30 2015 12 3,600 1 2015 2
2016 3
2015 2015 3,623.012014 9.8% 3,080.812014 7.9% 408.552014 25.2% 133.652014 12.2%2014 20.1% 2014 32.9% 201439.94% 44.22%2014 25.4% 52.20%2014 1.9% 52.64% 2015 12 31 20149.6%(14 26 2 90.00% 85.50% 3 5.55% 2014 0.09 10.0% 39.2% 98.97% 24.5% 90.50% 61.15% 3.9% 75.96% 97.9201431.7% 2 14/2614/26 3 = / + 4
15.3% 14.6%12.5% 4.5 6.2% 12.0% 14.6% 35.9% 5.6 13.1 201484.5% 2015 22,876.3920148.9% 43.55%24.59% 4 9.34% 5 5.26% 4 5 5
6 4.30% 6.24% 7 6.20% 8 7.23% 2015 IT ee app e, + 74% 81% 2,578 6 = + / + /2 7 = + /+ /+ + /+ + + /2 8 = + /+ /+ + / + /2 6
1.2% 4.8% 404 COSO (2013) 12 31 2015 2014 362,301 330,105 308,081 285,574 40,855 32,624 13,365 11,907 97,582 93,548 32,297 7,120 10,209 5,808 5,060 4,185 507,449 440,766 7
1 7.9% 2 25.2% 3 12.2% 12 31 2015 2014 308,169 285,619 134,449 111,346 78,068 70,006 56,381 41,340 173,720 174,273 42,041 33,192 24,435 19,525 18,993 14,459 5,442 5,066 17,606 13,667 13,761 12,199 13,480 12,049 13,403 11,888 77 161 281 150 363,971 331,010 8
12 31 2015 2014 225,957 205,417 47,974 34,455 495 335 47,479 34,120 171,632 165,131 6,351 5,831 20,107 17,440 3,571 2,989 3,372 2,878 199 111 553 506 15,983 13,945 106,028 99,825 87,222 77,881 73,508 65,918 13,714 11,963 18,558 21,815 248 129 1 11,879 8,328 1,209 1,262 701 889 508 373 864 638 9,806 6,428 363,971 331,010 1 2 9
12 31 2015 2014 1,708 1,677 27,476 23,029 24,541 25,357 32,285 34,934 11,115 8,138 457 413 97,582 93,548 1 1.8% 2 19.3% 3 3.2% 4 7.6% 10
5 36.6% 353.6% 75.8% 20.9% 12 31 2015 2014 352,219 315,294 313,612 288,868 34,398 22,434 4,209 3,992 2,264 1,958 33,491 24,866 35,569 27,147 4,320 4,726 27,458 25,432 7,428 4,151 743 701 463,492 404,275 11
1 8.6% 2 53.3% 3 5.4% 15.6% 34.7% 31.0% 12
8.6% 8.0% 78.9% 12 31 2015 2014 40,921 30,651 557 3,252 1,753 1,546 2,700 4,953 45,931 40,402 1 33.5% 13
2 82.9% 3 13.4% 4 45.5% 107.44 36.2% 346.99 7.7% 14
2015 2014 12 31 12 31 2,287,639 2,100,870 562,622 690,156 504,075 517,283 770,516 607,531 137,990 53,052 21,503 11,925 76,096 47,034 207,267 166,453 6,333 6,153 1,237 1,283 160,676 145,697 2,448,315 2,246,567 18.5% 2.6% 26.8% 15
160.1% 61.8% 24.5% 3.6% 2015 12 31 2014 12 31 1,777,180 77.69% 1,804,598 85.90% 562,622 24.59% 690,156 32.85% 996,236 43.55% 940,619 44.77% 1 67,569 2.95% 62,348 2.97% 2 150,753 6.60% 111,475 5.31% 411,623 17.99% 236,030 11.23% 111,516 4.87% 94,933 4.52% 169,485 7.41% 83,620 3.98% 3 130,622 5.71% 57,477 2.73% 1,237 0.05% 1,283 0.06% 4 97,599 4.27% 58,959 2.81% 2,287,639 100.00% 2,100,870 100.00% 16
1 2 3 4 2015 2014 12 31 12 31 1,715,985 1,603,446 84,106 72,275 31,354 46,089 107,774 74,745 30,092 25,617 2,643 2,623 67,994 67,989 16,953 19,375 65,200 47,077 2,122,101 1,959,236 7.0% 16.4% 17
32.0% 44.2% 17.5% 2014 2015 2014 65 2.75 26.43 20142015 12.5% 3,224.92 13.5% 18
760.96 5,626.22 12 31 2015 2014 (18,811) 78,247 67,047 (69,257) (19,415) 16,704 241 10 29,062 25,704 19
2015 2014 12 31 12 31 282,820 236,151 85,676 80,193 330.10% 294.48% 20
9 2015 2014 363,971 331,010 (978) (515) 362,993 330,495 (692) (390) 362,301 330,105 1 97,582 93,548 2 32,297 7,120 3 10,209 5,808 5,060 4,185 507,449 440,766 4 (221,701) (192,659) 4 (21,009) (16,752) 4 (109,509) (105,883) 5 (2,264) (1,958) (33,491) (24,866) (35,569) (27,147) 6 (4,320) (4,726) (27,458) (25,432) (7,428) (4,151) 7 (743) (701) (463,492) (404,275) 8 1,974 3,911 9 45,931 40,402 10 (10,744) (7,888) 35,187 32,514 34,699 32,211 488 303 11 1.22 1.14 9 21
2015 2014 54,080 70,342 (32,297) (7,120) (12,767) (11,035) 353 120 10 10 (2,242) (13,023) 7,137 39,284 7,137 39,284 42,324 71,798 41,775 71,443 549 355 22
1 2015 2014 24,541 25,357 18,526 18,571 1,382 1,571 8,950 4,458 326 106 32,285 34,934 11,115 8,138 368 299 89 114 97,582 93,548 201588,306201488,984 2 2015 2014 (4) 142 (4) 142 32,622 8,127 (321) (1,149) 32,301 6,978 32,297 7,120 2015 12 31 1472014146 17420141,003 2014 23
3 2015 2014 766 2,272 9,324 4,977 180 (255) (61) (1,186) 10,209 5,808 4 2015 12 31 221,949 (248) 221,701 21,166 (157) 21,009 109,847 (338) 109,509 352,962 (743) 352,219 2014 12 31 192,863 (204) 192,659 16,854 (102) 16,752 105,945 (62) 105,883 315,662 (368) 315,294 5 24
6 2015 2014 3,430 3,433 784 1,234 106 59 4,320 4,726 7 2009 1 1 20082 (i) 0.15%0.05% (ii) 0.8%0.15% (iii) 0.8% 0.08% 0.05% 1% 8 2015 2014 1 1 44,390 34,775 766 5,671 268 2,984 3,911 649 280 (i) (604) (515) (ii) (1,010) 12 31 47,175 44,390 25
(i) 2015 5 12 2014 0.165 2015 5 22 2014 2862015 8 212015 0.075 136 (ii) 2015 12 31 4.97 20152015 12 31 2015 12 31124.02015 10.1 10% 8% 2015 12 31 20.00% 40.00% 29.998% 35.00% (i) 16.67% 10 Upper Bank Street SLP 70.00% (ii) 51.00% (i) 2015 6 2.516.67% (ii) 2015 123.0651.00% 26
2014 12 31 20.00% 40.00% 29.46% 35.00% 10 Upper Bank Street SLP 70.00% 2015 12 312015 10 Upper Bank Street SLP 1,836,587 65,634 148,185 8,598 337 8,503 600 1,739,047 46,103 99,995 6,146 7 4,449 97,540 19,531 48,190 2,452 330 4,054 600 97,540 19,531 41,231 2,452 330 4,054 600 (i) 239 (534) 97,540 19,531 41,470 2,452 330 3,520 600 20.00% 40.00% 29.998% 35.00% 16.67% 70.00% 51.00% 22,553 7,812 13,407 1,397 246 2,464 306 (1,010) 22,553 7,812 12,397 1,397 246 2,464 306 54,735 46,829 31,226 390 100 432 9,064 2,258 2,251 15 (37) 496 1,028 379 (80) (15) 45 10,092 2,637 2,171 (37) 541 27
2014 12 312014 10 Upper Bank Street SLP 1,648,056 52,769 132,212 9,784 8,199 1,560,607 35,876 87,829 7,245 4,450 87,449 16,893 44,383 2,539 3,749 87,449 16,893 40,491 2,539 3,749 (i) 984 (209) 87,449 16,893 41,475 2,539 3,540 20.00% 40.00% 29.46% 35.00% 70.00% 20,535 6,757 13,186 1,434 2,478 20,535 6,757 13,186 1,434 2,478 44,644 36,522 40,411 3,306 241 12,037 1,407 4,606 84 142 2,120 318 (19) 8 (299) 14,157 1,725 4,587 92 (157) 2015 12 312014 12 31 (i) 9 2015 2014 13,045 11,564 824 787 1,678 1,553 2,036 2,124 (812) (268) 60 55 28
10 (a) 2015 2014 15,408 6,455 (4,664) 1,433 10,744 7,888 (b) 25% 2014 25%) 2015 2014 45,931 40,402 11,483 10,101 (i) (3,324) (3,434) (i) 2,655 1,190 (41) 1 19 (30) 12 10,744 7,888 (i) 29
(c) 2015 12 312014 12 31 25% (i) (ii) (iii) 2014 1 1 (11,627) 5,627 1,081 (4,919) 552 (1,940) (45) (1,433) (15,805) (15,805) 2,759 2,759 23 23 2014 12 31 (8,316) (12,095) 1,036 (19,375) 2015 1 1 (8,316) (12,095) 1,036 (19,375) 3,673 843 148 4,664 (5,445) (5,445) 3,192 3,192 11 11 2015 12 31 (1,451) (16,686) 1,184 (16,953) (i) 20092008 12 31 (ii) (iii) 2015 12 31 7272014 12 31 879 1862014 12 31 166 30
(d) 2015 12 31 2014 12 31 12 9,528 4,219 12 2,639 2,027 12,167 6,246 12 (26,850) (24,130) 12 (2,270) (1,491) (29,120) (25,621) (16,953) (19,375) 11 2015 28,264,705,0002014 28,264,705,000 12 2015 5 282014 0.40 11,306 2015 2015 12 31 2015185 2016 3 23 2015 0.4211,871 2015 31
2015 2014 12 31 12 31 26,974 25,348 1,237 1,283 47,175 44,390 504,075 517,283 207,267 166,453 562,622 690,156 6,333 6,153 770,516 607,531 137,990 53,052 21,503 11,925 49,552 44,350 11,913 11,166 1,420 1,032 23,642 19,411 76,096 47,034 2,448,315 2,246,567 32
2015 2014 12 31 12 31 1,715,985 1,603,446 84,106 72,275 107,774 74,745 2,643 2,623 67,994 67,989 856 10,890 31,354 46,089 30,092 25,617 32,266 15,850 26,514 20,062 16,953 19,375 5,347 52 217 223 2,122,101 1,959,236 28,265 28,265 7,791 163,381 145,919 123,055 109,937 322,492 284,121 3,722 3,210 326,214 287,331 2,448,315 2,246,567 33
2014 1 1 28,265 97,029 95,037 2,254 222,585 32,211 303 32,514 39,232 52 39,284 39,232 32,211 355 71,798 826 692 1,518 8,832 (8,832) (8,479) (8,479) (91) (91) 9,658 (17,311) 601 (7,052) 2014 12 31 28,265 145,919 109,937 3,210 287,331 2015 1 1 28,265 145,919 109,937 3,210 287,331 34,699 488 35,187 7,076 61 7,137 7,076 34,699 549 42,324 80 80 7,791 7,791 10,090 (10,090) (11,491) (11,491) (117) (117) 296 296 7,791 10,386 (21,581) (37) (3,441) 2015 12 31 28,265 7,791 163,381 123,055 3,722 326,214 34
2015 2014 45,931 40,402 (97,582) (93,548) (42,506) (12,928) 112,142 108,955 2,036 2,124 (812) (268) (1,974) (3,911) (100,089) (13,698) 403 9,704 70,482 41,330 (8,380) (1,923) 1,225 1,902 313 106 (18,811) 78,247 11,546 21,242 41,806 22,407 400,451 285,647 199 437 3,875 (53,340) (115,808) (522,787) (312,544) (8,384) (5,048) (766) (5,671) 124,838 (25,972) (9,602) (3,630) 81,688 78,903 8,828 4,258 (11,305) (13,478) 67,047 (69,257) 35
2015 2014 (13,757) 25,663 7,791 2,881 (10) (4,471) (4,618) (11,491) (8,479) (117) (91) 2,630 1,358 (19,415) 16,704 241 10 29,062 25,704 47,034 21,330 76,096 47,034 74,135 45,439 1,961 1,595 36
1 (i) (ii) (iii) (iv) 2 3 37
2015 12 31 308,169 42,041 13,761 363,971 3,476 28,119 177,871 98,703 308,081 40,855 13,365 362,301 93,819 2,983 344 436 97,582 31,259 992 115 (69) 32,297 9,863 313 36 (3) 10,209 1,074 61 5,006 (1,081) 5,060 1,081 (1,081) 444,096 45,204 13,860 5,370 (1,081) 507,449 (219,944) (1,737) (20) (221,701) (16,858) (4,151) (21,009) (93,668) (15,803) (38) (109,509) (2,076) (188) (2,264) (33,328) (163) (33,491) (24,921) (5,528) (3,813) (1,307) (35,569) (4,054) (129) (15) (122) (4,320) (18,293) (3,811) (3,136) (2,218) (27,458) (6,345) (327) (840) (997) 1,081 (7,428) (1,044) (33) (4) 1,081 (546) (103) (94) (743) (403,175) (44,647) (12,107) (4,644) 1,081 (463,492) 1,974 1,974 40,921 557 1,753 2,700 45,931 (10,744) 35,187 34,699 488 6,359 202 23 492 7,076 1,388 263 240 145 2,036 38
2015 12 31 2,243,403 69,565 7,968 14,900 2,335,836 7,904 4,917 475 47,175 60,471 2,251,307 74,482 8,443 62,075 2,396,307 26,974 25,034 2,448,315 1,652,469 57,024 6,492 1,715,985 74,046 10,060 84,106 29,329 931 108 986 31,354 94,589 3,278 401 3,499 101,767 1,850,433 71,293 7,001 4,485 1,933,212 188,889 2,122,101 39
2014 12 31 285,619 33,192 12,199 331,010 2,871 29,767 217,662 35,319 285,574 32,624 11,907 330,105 89,814 2,236 315 1,183 93,548 6,970 174 24 (48) 7,120 6,179 154 22 (547) 5,808 898 67 4,148 (928) 4,185 928 (928) 389,435 35,255 12,268 4,736 (928) 440,766 (191,291) (1,355) (13) (192,659) (12,883) (3,869) (16,752) (97,577) (8,196) (110) (105,883) (1,806) (152) (1,958) (24,742) (124) (24,866) (18,126) (4,770) (3,354) (897) (27,147) (4,451) (111) (16) (148) (4,726) (16,677) (4,092) (2,576) (2,087) (25,432) (3,608) (204) (705) (562) 928 (4,151) (903) (22) (3) 928 (506) (116) (79) (701) (358,784) (32,003) (10,722) (3,694) 928 (404,275) 3,911 3,911 30,651 3,252 1,546 4,953 40,402 (7,888) 32,514 32,211 303 38,270 951 134 (123) 39,232 1,427 324 221 152 2,124 40
2014 12 31 2,059,641 50,013 6,961 27,421 2,144,036 7,881 3,985 312 44,390 56,568 2,067,522 53,998 7,273 71,811 2,200,604 25,348 20,615 2,246,567 1,558,714 38,872 5,860 1,603,446 63,710 8,565 72,275 43,310 1,076 152 1,551 46,089 90,703 2,732 372 13,513 107,320 1,756,437 51,245 6,384 15,064 1,829,130 130,106 1,959,236 41
2015 1 1 2010-2012 2011-2013 2014 1 2010-2012 8 8 42
24 2014 1 2011-2013 3 3 13 13 939 622 43
2015 1 1 27 2016 1 1 10 2016 1 1 28 11 2016 1 1 10 2016 1 1 12 28 7 2017 1 1 9 2018 1 1 15 2018 1 1 16 2019 1 1 27 2016 1 1 10 28 10 28 2016 1 1 44
11 11 3 2016 1 1 2015 12 31 10 12 28 10 10 12 9 12 28 10 7 2016 1 7 2017 1 1 45
9 2014 7 9 39 9 2018 1 1 15 5 2015 915 2018 1 1 16 17 2019 1 1 15 2014 9 2012-2014 46
25% 5.1% 0.1% 5.5% 12% 1% 16% 11% 2015 12 31 2014 12 31 2015 2014 12 31 12 31 A 268,729 194,236 B 335,500 300,712 C (43,951) (40,042) D (B + C) 291,549 260,670 E (A + D) 560,277 454,906 F 35,684 26,633 G (4,155) (3,380) H (F + G) 31,528 23,253 47
2015 2014 12 31 12 31 28,851 21,740 371 464 2,306 1,048 31,528 23,253 2015 A 454,906 B 44,956 C 31,528 D 2,685 E 20,591 F (5,602) G 14,199 H 745 I (3,699) J (34) K 2015 12 31 A J 560,277 B J B 2015 C 2015 48
D E F G H I J 2015 2015 2015 2015 291,549 31,528 1. 11.5% 278,043 29,953 2. 10.5% 306,029 33,222 3. 10% 338,279 37,274 4. 10% 245,077 25,789 5. 10% 288,643 29,372 6. 10% 294,454 33,685 7. 10% 10% 289,720 31,388 8. 10% 10% 293,398 31,669 9. 10% 290,806 30,959 10. 10% 292,199 32,029 11. 10% 288,533 31,355 12. 10% 294,595 31,704 13. 10% 291,150 30,662 14. 10% 291,947 32,395 15. 150% 269,973 29,388 16. 2014 297,864 32,291 17. 292,818 31,338 1-16 49
4.00% 12.8 5540 2015 7 6 H H 2016 4 30 2016 5 30H H 2016 4 294 30 H 183 17 1712-1716 H 0.42 118.71 2016 5 302016 8 5 2016 6 16 H 2016 6 10 2016 6 16 H H 2016 6 8 4 30 H 183 17 1712-1716 50
2008 1 1 H 2015 10% H H 2015H H H 10% 10% H 10% 10% H 10% 20% H 20% 20% 51
H H A 2015 2016 6 20 A 2015 A A 10% 10% A H H HH 2016 8 10 H 2014 11 17 [2014]81 52
H20% H H 2015 12 31 2015 (http://www.e-chinalife.com) (http://www.hkexnews.hk) 2016 3 23 53