New China Life Insurance Co. Ltd. (01336.HK, 601336.CN) reported on Thursday a net profit of 4.42 billion yuan (US$711.59 million) for 2013, up 50.8 percent from the previous year. Revenue rose 14.8 percent to 128.22 billion yuan, according to a filing to the Hong Kong stock exchange. Basic earnings per share stood at 1.42 yuan. Gross written premiums and policy fees amounted to 104.07 billion yuan, representing an increase of 6.11 percent over 2012. The company’s market share dipped 0.2 percentage point to 9.6 percent, but was still the third biggest in China’s life insurance market. New China proposed an annual dividend of 15 fen per share to all its H-share and A-share holders.
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