Zheng Quan Ri Bao Zhi Sheng·2025-03-27 12:46Core Viewpoint - China Life Insurance Company achieved a record net profit of 106.935 billion yuan in 2023, marking a significant year-on-year increase of 108.9% [2] Group 1: Company Performance - The company aims to maintain its position as the world's highest-valued life insurance company and seeks to further improve its global standing by enhancing various operational metrics [2] - The management has outlined a development strategy focusing on five core capabilities: risk protection, asset-liability linkage, value creation, risk control, and global asset allocation [3] Group 2: Future Development Plans - For 2025, the company plans to focus on four key areas: maintaining steady growth in core indicators, promoting value growth across multiple channels, accelerating the transformation of development momentum, and strengthening foundational management [4] - The company is diversifying its product offerings, particularly in floating income products, which have seen a rapid increase in proportion [4] Group 3: Investment Strategy - In 2023, the total investment income reached 308.251 billion yuan, with a year-on-year increase of 150.4%, and an investment return rate of 5.50% [4] - The company has strengthened its allocation towards long-duration bonds and quality alternative assets, resulting in a net increase of over 100 billion yuan in 2024 [5] - The investment strategy for 2025 includes a long-term focus on equity assets, innovative long-term equity investment models, and adherence to a long-term investment philosophy [6]