Cai Jing Wang·2025-08-27 10:18Core Viewpoint - China Life Insurance (601628.SH, 2628.HK) reported a strong performance in its mid-year results for 2025, showcasing significant growth in new business value and improvements in operational efficiency [1] Group 1: Financial Performance - The new business value reached 28.546 billion yuan, representing a year-on-year increase of 20.3% compared to the restated results from the same period in 2024 [1] - The proportion of floating income-type business in the first-year premium income increased by over 45 percentage points compared to the previous year, indicating a successful transformation in business structure [1] Group 2: Operational Metrics - The 14-month policy persistence rate stood at 92.10%, reflecting a year-on-year increase of 0.6 percentage points, which strengthens the foundation for future growth [1] - The rigid cost of new business liabilities has further decreased, leading to a significant improvement in the efficiency of expense input-output [1]