China Life Insurance Co Ltd (LFC) SEC Filing 20-F Annual Report for the fiscal year ending Friday, December 31, 2021

Cover Page

Consolidated Statement Of Cash Flows

Consolidated Statement Of Changes In Equity

Consolidated Statement Of Comprehensive Income

Consolidated Statement Of Financial Position

Bonds Payable

Bonds Payable (Tables)

Bonds Payable - Additional Information (Detail)

Bonds Payable - Summary Of Bonds Payable At Par Value (Detail)

Commitments

Commitments (Tables)

Commitments - Capital Commitments Relating To Property Development Projects And Investments (Detail)

Commitments - Commitments - Future Minimum Lease Payments Under Non-Cancellable Operating Leases (Detail)

Critical Accounting Estimates And Judgements

Disclosures About The Temporary Exemption From Ifrs 9

Disclosures About The Temporary Exemption From Ifrs 9 (Tables)

Disclosures About The Temporary Exemption From Ifrs 9 - Additional Information (Detail)

Disclosures About The Temporary Exemption From Ifrs 9 - Summary Of Credit Risk Exposure For Financial Assets With Contractual Terms That Give Rise On Sppi (Detail)

Disclosures About The Temporary Exemption From Ifrs 9 - Summary Of Fair Value Of Financial Assets Under Ifrs 9 And Fair Value Changes (Detail)

Disclosures About The Temporary Exemption From Ifrs 9 - Summary Of Financial Assets Not Considered To Have Low Credit Risk On Reporting Date (Detail)

Dividends

Dividends - Additional Information (Detail)

Earnings Per Share

Earnings Per Share - Additional Information (Detail)

Fair Value Of Financial Assets And Liabilities

Fair Value Of Financial Assets And Liabilities (Tables)

Fair Value Of Financial Assets And Liabilities - Carrying Value And Estimated Fair Value Of Major Financial Assets And Liabilities, And Investment Contracts (Detail)

Finance Costs

Finance Costs (Tables)

Finance Costs - Summary Of Finance Costs (Detail)

Financial Assets

Financial Assets (Tables)

Financial Assets - Additional Information (Detail)

Financial Assets - Contractual Maturity Schedule Of Available-For-Sale Securities (Detail)

Financial Assets - Contractual Maturity Schedule Of Held-To-Maturity Securities (Detail)

Financial Assets - Contractual Maturity Schedule Of Securities Purchased Under Agreements To Resell (Detail)

Financial Assets - Summary Of Accrued Investment Income (Detail)

Financial Assets - Summary Of Available-For-Sale Securities (Detail)

Financial Assets - Summary Of Fair Value Hierarchy Of Financial Assets (Detail)

Financial Assets - Summary Of Held-To-Maturity Securities (Detail)

Financial Assets - Summary Of Loans (Detail)

Financial Assets - Summary Of Loans Maturity (Detail)

Financial Assets - Summary Of Restricted Statutory Deposits Maturity (Detail)

Financial Assets - Summary Of Securities At Fair Value Through Profit Or Loss (Detail)

Financial Assets - Summary Of Term Deposits Maturity (Detail)

Insurance Benefits And Claims Expenses

Insurance Benefits And Claims Expenses (Tables)

Insurance Benefits And Claims Expenses - Summary Of Insurance Benefits And Claims Expenses (Detail)

Insurance Contracts

Insurance Contracts (Tables)

Insurance Contracts - Summary Of Assumed Discount Rates With Risk Margin (Detail)

Insurance Contracts - Summary Of Components Of Expense Assumptions (Detail)

Insurance Contracts - Summary Of Movements In Liabilities Of Long-Term Insurance Contracts (Detail)

Insurance Contracts - Summary Of Movements In Liabilities Of Long-Term Insurance Contracts (Parenthetical) (Detail)

Insurance Contracts - Summary Of Movements In Liabilities Of Short-Term Insurance Contracts (Detail)

Insurance Contracts - Summary Of Net Liabilities Of Insurance Contracts (Detail)

Insurance Contracts - Summary Of Unearned Premium Reserves (Detail)

Interest-Bearing Loans And Borrowings

Interest-Bearing Loans And Borrowings (Tables)

Interest-Bearing Loans And Borrowings - Summary Of Interest Bearing Loans And Borrowings (Detail)

Investment Contract Benefits

Investment Contracts

Investment Contracts (Tables)

Investment Contracts - Movements Of Investment Contracts With Dpf (Detail)

Investment Contracts - Summary Of Investment Contracts (Detail)

Investment Income

Investment Income (Tables)

Investment Income - Additional Information (Detail)

Investment Income - Summary Of Investment Income (Detail)

Investment Properties

Investment Properties (Tables)

Investment Properties - Additional Information (Detail)

Investment Properties - Summary Of Investment Properties (Detail)

Investments In Associates And Joint Ventures

Investments In Associates And Joint Ventures (Tables)

Investments In Associates And Joint Ventures - Detailed Information About Movement Of Investments In Associates And Joint Ventures (Detail)

Investments In Associates And Joint Ventures - Detailed Information About Movement Of Investments In Associates And Joint Ventures (Parenthetical) (Detail)

Investments In Associates And Joint Ventures - Financial Information Of Major Associates And Joint Venture (Detail)

Investments In Associates And Joint Ventures - Financial Information Of Major Associates And Joint Venture (Parenthetical) (Detail)

Investments In Associates And Joint Ventures - Major Associates And Joint Venture (Detail)

Investments In Associates And Joint Ventures - Movement Of Investments In Associates And Joint Ventures (Detail)

Leases

Leases (Tables)

Leases - Detailed Information About In Recognized Profit Or Loss Leases (Detail)

Leases - Detailed Information About In Right Of Use Assets (Detail)

Net Fair Value Gains Through Profit Or Loss

Net Fair Value Gains Through Profit Or Loss (Tables)

Net Fair Value Gains Through Profit Or Loss - Summary Of Net Fair Value Gains/(Losses) Through Profit Or Loss (Detail)

Net Realised Gains On Financial Assets

Net Realised Gains On Financial Assets (Tables)

Net Realised Gains On Financial Assets - Additional Information (Detail)

Net Realised Gains On Financial Assets - Summary Of Net Realised Gains On Financial Assets (Detail)

Notes To The Consolidated Statement Of Cash Flows

Notes To The Consolidated Statement Of Cash Flows (Tables)

Notes To The Consolidated Statement Of Cash Flows - Summary Of Changes In Liabilities Arising From Financing Activities (Detail)

Organisation And Principal Activities

Other Assets

Other Assets (Tables)

Other Assets - Summary Of Other Assets (Detail)

Other Liabilities

Other Liabilities (Tables)

Other Liabilities - Summary Of Other Liabilities (Detail)

Premiums Receivable

Premiums Receivable - Additional Information (Detail)

Profit Before Income Tax

Profit Before Income Tax (Tables)

Profit Before Income Tax - Details Of Profit Before Income Tax (Detail)

Property, Plant And Equipment

Property, Plant And Equipment (Tables)

Property, Plant And Equipment - Additional Information (Detail)

Property, Plant And Equipment - Summary Of Property, Plant And Equipment (Detail)

Provisions And Contingencies

Provisions And Contingencies (Tables)

Provisions And Contingencies - Summary Of Significant Contingent Liabilities (Detail)

Reinsurance Assets

Reinsurance Assets (Tables)

Reinsurance Assets - Summary Of Reinsurance Assets (Detail)

Reserves - Summary Of Reserves (Detail)

Reserves - Summary Of Reserves (Parenthetical) (Detail)

Risk Management

Risk Management (Tables)

Risk Management - Additional Information (Detail)

Risk Management - Capital Management Under Insurance Institution Solvency Regulations (Detail)

Risk Management - Changes In Level 3 Assets (Detail)

Risk Management - Claim Development For Short-Term Insurance Contracts (Detail)

Risk Management - Contractual And Expected Undiscounted Cash Flows For Financial Assets And Liabilities And Insurance Liabilities (Detail)

Risk Management - Major Products Of Long-Term Insurance Contracts (Detail)

Risk Management - Major Products Of Long-Term Insurance Contracts (Parenthetical) (Detail)

Risk Management - Quantitative Disclosures Of Fair Value Measurement Hierarchy For Assets And Liabilities Measured At Fair Value (Detail)

Risk Management - Summary Of Information About Significant Unobservable Inputs Used For Assets At Fair Value Classified As Level 3 (Detail)

Risk Management - Summary Of Primary Financial Assets And Financial Liabilities Denominated In Currencies Other Than Rmb, Expressed In Rmb Equivalent (Detail)

Risk Management - Summary Of Size, Carrying Amount Of Assets Recognised In Financial Statement And Maximum Exposure Relating To Its Interest In Unconsolidated Structured Entities (Detail)

Securities Sold Under Agreements To Repurchase

Securities Sold Under Agreements To Repurchase (Tables)

Securities Sold Under Agreements To Repurchase - Additional Information (Detail)

Securities Sold Under Agreements To Repurchase - Summary Of Securities Sold Under Agreements To Repurchase (Detail)

Segment Information

Segment Information (Tables)

Segment Information - Additional Information (Detail)

Segment Information - Financial Information Of Operating Segments (Detail)

Share Capital - Summary Of Share Capital (Detail)

Share Capital - Summary Of Share Capital Registered, Authorised, Issued And Fully Paid (Detail)

Share Capital And Reserves

Share Capital And Reserves (Tables)

Significant Related Party Transactions

Significant Related Party Transactions (Tables)

Significant Related Party Transactions - Additional Information (Detail)

Significant Related Party Transactions - Key Management Personnel Compensation (Detail)

Significant Related Party Transactions - Summary Of Balances Due From And To Significant Related Parties (Detail)

Significant Related Party Transactions - Summary Of Information Of Parent Company (Detail)

Significant Related Party Transactions - Summary Of Names Of Significant Related Parties And Nature Of Relationship With Company (Detail)

Significant Related Party Transactions - Summary Of Percentages Of Holding Of Related Parties With Control Relationship And Changes (Detail)

Significant Related Party Transactions - Summary Of Percentages Of Holding Of Related Parties With Control Relationship And Changes (Parenthetical) (Detail)

Significant Related Party Transactions - Summary Of Registered Capital Of Related Parties With Control Relationship And Changes (Detail)

Significant Related Party Transactions - Summary Of Significant Transactions Carried Out By Group With Significant Related Parties (Detail)

Significant Related Party Transactions - Summary Of Significant Transactions Carried Out By Group With Significant Related Parties (Parenthetical) (Detail)

Statutory Insurance Fund

Statutory Insurance Fund - Additional Information (Detail)

Stock Appreciation Rights

Stock Appreciation Rights - Additional Information (Detail)

Summary Of Significant Accounting Policies

Summary Of Significant Accounting Policies (Policies)

Summary Of Significant Accounting Policies (Tables)

Summary Of Significant Accounting Policies - Additional Information (Detail)

Summary Of Significant Accounting Policies - Estimated Useful Lives For Depreciation Purposes Of Property, Plant And Equipment (Detail)

Taxation

Taxation (Tables)

Taxation - Additional Information (Detail)

Taxation - Summary Of Deferred Tax Assets And Deferred Tax Liabilities (Detail)

Taxation - Summary Of Deferred Tax Assets And Liabilities (Detail)

Taxation - Summary Of Movements In Deferred Tax Assets And Liabilities (Detail)

Taxation - Summary Of Reconciliation Between Group's Effective Tax Rate And Statutory Tax Rate (Detail)

Taxation - Summary Of Taxation Charge (Detail)