China Life Insurance Co. Ltd. (02628.HK, 601628.CN) posted a net profit of 24.76 billion yuan (US$3.99 billion) for 2013, up 123.9 percent from the previous year, according to a regulatory filing Tuesday. It attributed the increase, which topped its competitors, mainly to aggressive changes to its asset allocation strategy that resulted in a total investment return of 4.86 percent. Premium income during the period rose 0.8 percent to 324.81 billion yuan. Earnings per share were 88 fen and the company proposed a final dividend of 30 fen, the filing said.
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