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BRIEF-New China Life Insurance says changes in accounting estimates resulted in reduction in 2016 profit
March 29, 2017 / 11:01 PM / 6 months ago

BRIEF-New China Life Insurance says changes in accounting estimates resulted in reduction in 2016 profit

March 30 (Reuters) - New China Life Insurance Co Ltd :

* As at 31 December 2016, the changes in accounting estimates resulted in an increase in liabilities of life insurance contracts by RMB3.186 billion

* As at 31 December 2016, changes in accounting estimates resulted in an increase in liabilities of long-term health insurance contracts by RMB3.059 billion

* As at 31 december 2016, changes in accounting estimates resulted in aggregate reduced profit before tax by RMB6.245 billion for 2016 Source text for Eikon: Further company coverage:

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