New China Life Insurance Co. Ltd. provided preliminary unaudited earnings guidance for the period 1 January 2016 to 31 December 2016. The company estimated that the net profit attributable to the shareholders of the company for the year 2016 may decrease by approximately 45% as compared to the same period in 2015. The estimated decrease in the 2016 annual results of the Company is primarily attributable to the significant decrease in investment income of 2016 as compared to the same period of last year and the impact of the change of discount rate assumption of reserves of traditional insurance contracts.