Zhong Guo Jin Rong Xin Xi Wang·2025-08-27 10:14Core Insights - China Life Insurance Company reported a total premium of 525.088 billion yuan for the first half of 2025, representing a year-on-year growth of 7.3% [1] - The company’s life insurance premium reached 439.134 billion yuan, up 8.5% year-on-year, while health insurance premiums were 78.958 billion yuan, growing by 2.0% [1][2] - The first-year regular premium amounted to 81.249 billion yuan, with ten-year and above first-year regular premiums at 30.305 billion yuan, accounting for 37.3% of the first-year regular premium [1] Business Structure and Performance - The new single premium for life insurance, annuity insurance, and health insurance accounted for 30.32%, 32.01%, and 33.42% respectively [2] - The company has significantly improved its business structure, with floating income-type business showing strong growth, increasing its share in first-year regular premiums by over 45 percentage points compared to the previous year [2] - The new business value for the first half of 2025 increased by 20.3% year-on-year, reaching 28.546 billion yuan [2] Financial Strength and Metrics - As of June 30, 2025, the total assets and investment assets of China Life exceeded 7 trillion yuan, standing at 7.29 trillion yuan and 7.13 trillion yuan respectively [2] - The equity attributable to shareholders reached 523.619 billion yuan, reflecting a year-on-year increase of 2.7% [2] - The comprehensive solvency adequacy ratio was 190.94%, with the core solvency adequacy ratio at 139.54% [2] - The embedded value was 1.48 trillion yuan, maintaining the leading position in the industry [2]