China Life Property & Casualty Insurance Co., Ltd. Chongqing Branch

China Life Property & Casualty Insurance Co., Ltd. is a national professional property insurance company jointly initiated and established by China Life Insurance (Group) Company and its subsidiary China Life Insurance Company Limited, with the consent of the State Council and the approval of the China Insurance Regulatory Commission. Its registered capital is RMB 8 billion. Its business scope includes property loss insurance, liability insurance, credit insurance and surety insurance, short-term health insurance and accident injury insurance, reinsurance of the above businesses, insurance fund utilization business permitted by national laws and regulations, and other businesses approved by the China Insurance Regulatory Commission.

As a core member of China Life, China Life Property & Casualty Insurance Co., Ltd. has always been guided by the Scientific Outlook on Development, adhering to a high starting point, high standards, and high requirements, fully leveraging the overall advantageous resources of China Life, actively innovating the property insurance business model, comprehensively building differentiated operational characteristics and core competitiveness, continuously expanding development space and service areas, and striving to build a first-class, internationally renowned, and continuously surpassing property insurance company.

In 2009, the company achieved operating profitability in that year, breaking the conventional model of industry development; in 2010, the company's premium income exceeded RMB 10 billion, its market share steadily ranked 6th, and it achieved underwriting profitability.