March 25, 2020 / 8:59 AM / 8 days ago

BRIEF-China Life's 2019 Net Profit 58.3 Bln Yuan, Sees Short-Term Impact On Business From Virus

March 25 (Reuters) - China Life Insurance Co Ltd :

* SAYS 2019 NET PROFIT 58.287 BILLION YUAN ($8.21 billion) VS 11.395 BILLION YEAR AGO

* SAYS OUTBREAK OF COVID-19 IN EARLY 2020 WILL HAVE AN IMPACT ON THE CO’S BUSINESS IN THE SHORT TERM

* SAYS IT WILL CONTINUE TO STAY ALERT AND ACTIVELY RESPOND TO ANY IMPACTS ASSOCIATED WITH THE OUTBREAK

* SAYS EXPECTS THAT IT WILL HAVE SUFFICIENT CAPITAL TO MEET ITS INSURANCE BUSINESS EXPENDITURES AND NEW GENERAL INVESTMENT NEEDS IN 2020 Source text in English: bit.ly/2UyCLiV Further company coverage: ($1 = 7.1026 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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