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New China Life Insurance, or NCI, was headquartered in Beijing and founded by SOEs and private firms in 1996. The company is the fourth-largest life insurer in China in terms of total assets. Huijin Investment, the government’s investment company owns 31% shares of New China Life. The company was listed on the Hong Kong and Shanghai Stock Exchanges in 2011. New China Life offers comprehensive life insurance products and services to individual customers and institutional customers through nationwide distributional networks and diversified marketing channels, manages and deploys insurance funds through its subsidiaries, including Asset Management Company and Asset Management Company (Hong Kong).
1996
28.7K+
LTM Revenue $18.3B
LTM EBITDA $4.2B
$16.5B
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New China Life Insurance has a last 12-month revenue of $18.3B and a last 12-month EBITDA of $4.2B.
In the most recent fiscal year, New China Life Insurance achieved revenue of $9.4B and an EBITDA of n/a.
New China Life Insurance expects next 12-month revenue of XXX and NTM EBITDA of XXX
See New China Life Insurance valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $6.0B | $9.4B | XXX | XXX | XXX |
| Gross Profit | n/a | n/a | XXX | XXX | XXX |
| Gross Margin | NaN% | NaN% | XXX | XXX | XXX |
| EBITDA | n/a | n/a | XXX | XXX | XXX |
| EBITDA Margin | NaN% | NaN% | XXX | XXX | XXX |
| Net Profit | $1.4B | $1.2B | XXX | XXX | XXX |
| Net Margin | 23% | 13% | XXX | XXX | XXX |
| Net Debt | n/a | n/a | XXX | XXX | XXX |
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As of April 15, 2025, New China Life Insurance's stock price is CNY 41 (or $6).
New China Life Insurance has current market cap of CNY 127B (or $17.5B), and EV of CNY 120B (or $16.5B).
See New China Life Insurance trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $16.5B | $17.5B | XXX | XXX | XXX | XXX | $1.07 |
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Sign UpAs of April 15, 2025, New China Life Insurance has market cap of $17.5B and EV of $16.5B.
New China Life Insurance's trades at 0.9x LTM EV/Revenue multiple, and 3.9x LTM EBITDA.
Analysts estimate New China Life Insurance's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for New China Life Insurance and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $16.5B | XXX | XXX | XXX |
| EV/Revenue | 1.8x | XXX | XXX | XXX |
| EV/EBITDA | n/a | XXX | XXX | XXX |
| P/E | 4.9x | XXX | XXX | XXX |
| P/E/Growth | -0.5x | XXX | XXX | XXX |
| EV/FCF | 1.3x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpNew China Life Insurance's NTM/LTM revenue growth is -4%
New China Life Insurance's revenue per employee for the last fiscal year averaged $0.3M, while opex per employee averaged n/a for the same period.
Over next 12 months, New China Life Insurance's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate New China Life Insurance's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for New China Life Insurance and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 56% | XXX | XXX | XXX | XXX |
| EBITDA Margin | n/a | XXX | XXX | XXX | XXX |
| EBITDA Growth | n/a | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | n/a | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.3M | XXX | XXX | XXX | XXX |
| Opex per Employee | n/a | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 5% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | n/a | XXX | XXX | XXX | XXX |
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| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| ADNIC | XXX | XXX | XXX | XXX | XXX | XXX |
| Aegon | XXX | XXX | XXX | XXX | XXX | XXX |
| ASR Nederland | XXX | XXX | XXX | XXX | XXX | XXX |
| NN Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Challenger | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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New China Life Insurance acquired XXX companies to date.
Last acquisition by New China Life Insurance was XXXXXXXX, XXXXX XXXXX XXXXXX . New China Life Insurance acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was New China Life Insurance founded? | New China Life Insurance was founded in 1996. |
| Where is New China Life Insurance headquartered? | New China Life Insurance is headquartered in China. |
| How many employees does New China Life Insurance have? | As of today, New China Life Insurance has 28.7K+ employees. |
| Is New China Life Insurance publicy listed? | Yes, New China Life Insurance is a public company listed on SHG. |
| What is the stock symbol of New China Life Insurance? | New China Life Insurance trades under 601336 ticker. |
| When did New China Life Insurance go public? | New China Life Insurance went public in 2011. |
| Who are competitors of New China Life Insurance? | Similar companies to New China Life Insurance include e.g. ADNIC, Aegon, ASR Nederland, NN Group. |
| What is the current market cap of New China Life Insurance? | New China Life Insurance's current market cap is $17.5B |
| What is the current revenue of New China Life Insurance? | New China Life Insurance's last 12-month revenue is $18.3B. |
| What is the current EBITDA of New China Life Insurance? | New China Life Insurance's last 12-month EBITDA is $4.2B. |
| What is the current EV/Revenue multiple of New China Life Insurance? | Current revenue multiple of New China Life Insurance is 0.9x. |
| What is the current EV/EBITDA multiple of New China Life Insurance? | Current EBITDA multiple of New China Life Insurance is 3.9x. |
| What is the current revenue growth of New China Life Insurance? | New China Life Insurance revenue growth between 2023 and 2024 was 56%. |
| Is New China Life Insurance profitable? | Yes, New China Life Insurance is EBITDA-positive (as of the last 12 months). |
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