The New China Life Insurance Company gained proceeds of 1.87 billion yuan (230 million U.S. dollars) from its investment in 2005, with return rate reaching 4.47 percent, the Shanghai Securities News reported on Sunday.

The growth was 0.87 percentage points higher than the average level of China's insurance industry, it added.

The New China Life Insurance Company, established in 1996, now ranks the fourth in the country in terms of market shares of life insurance business.

The total asset of the company rose from 7 billion yuan in 2001 to 60.5 billion yuan in 2005. Its revenue from insurance services grew at an average annual rate of 70 percent from 2001 to 2005.

Source: Xinhua