Get Market Pulse's stock picks in your inbox! Sign up for our free Newsletter today!
Bear Of The Day: China Life Insurance
China Life Insurance’s (NYSE:LFC) third-quarter earnings witnessed a steep decline from the comparable period of last year. High surrenders, low premium income and increased impairment losses led to a decline in the net income, while increased unrealized losses in the investment portfolio led to reduced shareholders equity. Additionally, China Life inherently faces substantial interest rate, [...]
China Life Insurance’s (NYSE:LFC) third-quarter earnings witnessed a steep decline from the comparable period of last year. High surrenders, low premium income and increased impairment losses led to a decline in the net income, while increased unrealized losses in the investment portfolio led to reduced shareholders equity.
Additionally, China Life inherently faces substantial interest rate, market and currency risk. Although the company has a strong brand name, it has to deal with considerable … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards