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CORRECTED-China Life Insurance H1 profit rises 18 pct on strong investment income
August 24, 2017 / 9:38 AM / 4 months ago

CORRECTED-China Life Insurance H1 profit rises 18 pct on strong investment income

(Corrects ranking of China Life in lead paragraph to country’s second-biggest insurer by market value, not the biggest)

SHANGHAI/BEIJING, Aug 24 (Reuters) - China Life Insurance Co , the country’s second-biggest insurer by market value, said first-half net profit rose 17.8 percent, on strong investment income.

Its net profit for January-June rose to 12.242 billion yuan ($1.84 billion), the insurer said in a statement on Thursday.

The insurer’s first-half total investment income rose 11.45 percent to 56.66 billion yuan, it said. ($1 = 6.6602 Chinese yuan renminbi) (Reporting by Engen Tham and Matthew Miller; Editing by Muralikumar Anantharaman)

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