People may believe LFC in China is something like MET (Metlife) in US. However, it is absolutely wrong. Why? Because life insurance in China is a new business (started several years ago), LFC may collect a huge of premium for several decades without paying out a cent to the insurers. However, for US life insurance companies such as MET, they have to pay for the death because they have reached the balance. LFC now owns a huge of cash and invests more and more in China stock market at current level. If we check the major holder of LFC, you will see it is Warren Buffet who owns at least 5% of LFC float shares.