智通财经网·2025-08-27 10:18Core 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, with a year-on-year increase of 6.9% [1] - The company declared an interim cash dividend of RMB 2.38 per 10 shares (before tax) [1] Group 1: Financial Performance - Total premium income reached RMB 525.09 billion, marking a historical high 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 over 45% from individual insurance channels [1] Group 2: Operational Efficiency - The company emphasized asset-liability management across all operational aspects, focusing on value and efficiency [2] - The new business value for the first half of 2025 grew by 20.3% year-on-year, reaching RMB 28.55 billion, continuing to lead the industry [2] - The 14-month policy retention rate improved to 92.1%, an increase of 0.6 percentage points year-on-year [2] Group 3: Strength and Stability - As of the end of the reporting period, total assets and investment assets both exceeded RMB 7 trillion, at RMB 7.29 trillion and RMB 7.13 trillion respectively [3] - Shareholder equity reached RMB 523.62 billion, reflecting a year-on-year growth of 2.7% [3] - The comprehensive solvency adequacy ratio stood at 190.94%, with the core solvency adequacy ratio at 139.54%, maintaining a high level [3]