China Life Says Profit to Jump Up to 185% on Market Rally (1)

China Life Insurance Co. said profit for the first nine months is expected to increase as much as 185%, buoyed by investment returns.

The country’s largest life insurer forecasts that net income will reach between 101.1 billion yuan ($14.2 billion) and 108.8 billion yuan, a surge between 165% and 185% from a year earlier. The increase is due to improvement in investment returns underpinned by a stock rally in the third quarter, it said in an exchange filing on Wednesday.

China’s CSI 300 Index rose 17% in the first nine months after the government’s economic stimulus package spurred a strong ...