China Life Insurance's (HKG:2628, SHA:601628) attributable profit rose 40% to 28.8 billion yuan in the first quarter from 20.6 billion yuan in the year-ago period.
Earnings per share at the insurer increased 40% to 1.02 yuan from 0.73 yuan in the year-ago period, according to a Tuesday filing with the Hong Kong bourse.
Operating income declined 8.9% to 110.2 billion yuan from about 121 billion yuan in the prior-year period.
Shares in the insurer jumped 2% in Hong Kong during Wednesday's afternoon trading.
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