China Life: Net profit attributable to the parent company is expected to be 154.078 billion yuan in 2025, a year-on-year increase of 44.1%.

On March 25, China Life Insurance released its annual report for 2025. In 2025, the net profit attributable to shareholders of the parent company was 154.078 billion yuan, showing a strong growth of 44.1% on a high base. The company’s total premium income broke through 700 billion yuan for the first time, reaching 729.887 billion yuan, a year-on-year increase of 8.7%. The first-year regular premium income reached 116.205 billion yuan, maintaining the top position in the industry; the long-term competitive advantage remained solid, with first-year regular premium income of 52.197 billion yuan for ten years and above, accounting for 44.92% of the first-year regular premium income, of which, the first-year regular premium income for ten years and above in the individual insurance channel accounted for over 58% of the first-year regular premium income in that channel. The marketing system reform was continuously promoted, and channel transformation released vitality. By the end of 2025, the company’s total sales force reached 638,000, maintaining the industry’s top position, with the professionalism, specialization, and youthfulness of the sales team continually improving.

In 2025, the new business value achieved rapid growth, increasing by 35.7% year-on-year to 45.752 billion yuan, continuing to lead the industry. Strengthening cost reduction and efficiency enhancement, fine management was significantly improved in terms of expense input-output efficiency. Dynamic optimization of major asset allocation led to a substantial increase in investment income, with total investment income reaching 387.694 billion yuan, an increase of 79.443 billion yuan from the previous year, and the total investment return rate reached 6.09%, rising by 59 basis points compared to the same period last year.

By the end of 2025, the company’s total assets and investment assets were 75.9 trillion yuan and 74.2 trillion yuan, respectively; equity attributable to shareholders of the parent company reached 595.205 billion yuan, a year-on-year increase of 16.8%; the comprehensive solvency adequacy ratio reached 174.01%, and the core solvency adequacy ratio reached 128.77%, continuously maintaining a sufficient level; the number of effective long-term insurance policies held by the company reached 327 million. The embedded value was 14.7 trillion yuan, remaining the top in the industry; the total market value, life insurance, and health insurance reserves ranked first among global life insurance companies.

(China Life Insurance)

(Edited by: Qian Xiaorui)

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