Ge Long Hui·2025-08-27 10:15Core Insights - China Life Insurance reported a total revenue of RMB 239.49 billion for the first half of 2025, representing a year-on-year growth of 2.2% [1] - The net profit attributable to shareholders reached RMB 40.93 billion, marking a 6.9% increase compared to the previous year [1] - The board proposed a mid-term cash dividend of RMB 2.38 per 10 shares, totaling RMB 6.73 billion in cash dividends [1] Group 1: Business Performance - The total premium income for the company reached RMB 525.09 billion, achieving the best historical performance for the same period, with a year-on-year growth of 7.3% [1] - The first-year regular premium income was RMB 81.25 billion, maintaining the industry-leading position [1] - The proportion of first-year regular premium income from policies with a term of ten years or more was 37.3%, with individual insurance channels contributing over 45% [1] Group 2: Operational Efficiency - The company emphasized asset-liability management across all operational aspects, focusing on value and efficiency, leading to sustained operational quality improvements [2] - The new business value grew rapidly, reaching RMB 28.55 billion, a year-on-year increase of 20.3% compared to the same period in 2024 [2] - The 14-month policy persistency rate improved to 92.1%, an increase of 0.6 percentage points year-on-year, indicating a stronger development foundation [2] Group 3: Financial Strength - As of the end of the reporting period, total assets and investment assets both exceeded RMB 7 trillion, standing at RMB 7.29 trillion and RMB 7.13 trillion, respectively [3] - The equity attributable to shareholders was RMB 523.62 billion, reflecting a year-on-year growth of 2.7% [3] - The comprehensive solvency adequacy ratio was 190.94%, with a core solvency adequacy ratio of 139.54%, maintaining a high level of solvency [3]