Zheng Quan Zhi Xing·2025-08-27 10:22Core Viewpoint - China Life Insurance Company Limited reported strong financial performance in the first half of 2025, with total assets exceeding 7 trillion RMB and a net profit increase of 6.9% year-on-year, reflecting the company's robust market position and strategic focus on high-quality development [8][10]. Financial Summary - Total assets reached 7.29 trillion RMB, an increase of 7.7% compared to the previous year [10]. - Net profit attributable to shareholders was 40.93 billion RMB, up 6.9% from 38.28 billion RMB [10][11]. - The company proposed a cash dividend of 0.238 RMB per share, totaling approximately 6.73 billion RMB, pending shareholder approval [2]. Business Performance - Total premium income for the first half of 2025 was 525.09 billion RMB, a 7.3% increase year-on-year, marking the highest level for the same period in history [10][11]. - The first-year premium income reached 81.25 billion RMB, a 20.3% increase compared to the previous year [10]. - The company maintained a leading market share, with long-term effective policies totaling approximately 327 million [8][10]. Investment Strategy - The company emphasized a long-term investment strategy, with a focus on stable returns and risk management, achieving a 7.8% increase in investment assets compared to the beginning of the year [9][10]. - Investment income for the first half of 2025 was reported at 127.51 billion RMB, reflecting a strong performance in asset management [11]. Risk Management - The company has implemented various measures to manage and control risks, including macroeconomic, insurance, market, credit, operational, strategic, reputational, liquidity, information security, ESG, and fraud risks [2][3]. - The solvency ratio remained robust, with a comprehensive solvency adequacy ratio of 190.94% and a core solvency adequacy ratio of 139.54% [10][11]. Social Responsibility and Innovation - The company is committed to enhancing its social responsibility initiatives, focusing on inclusive insurance services and expanding its product offerings to meet diverse customer needs [8][15]. - New product launches included innovative health insurance products and services aimed at specific demographics, such as the elderly and small businesses [15][16].