BEIJING -- China Life Insurance Co, the country's largest insurer, reported a net profit rise of 30.1 percent year on year to 32.21 billion yuan ($5.28 billion) in 2014.

Earnings per share also advanced 30.1 percent year on year to 1.14 yuan, the insurer said in a statement filed to the Shanghai Stock Exchange Tuesday.

Its business revenue was 445.77 billion yuan in 2014, up 5.2 percent year on year.

It maintained a leading position in the domestic life insurance market, with a market share of 26.1 percent in 2014.

Its shares edged down 2.52 percent to 37.48 yuan on the Shanghai bourse on Tuesday.