Xin Lang Cai Jing·2025-08-28 00:05Core Insights - China Life Insurance Company reported a net profit of 40.931 billion yuan for the first half of 2025, representing a year-on-year increase of 6.9% [1] - Total premium income reached 525.088 billion yuan, up 7.3% year-on-year [1] - New business value increased by 20.3% compared to the same period in 2024, totaling 28.546 billion yuan [1] Premium Income Breakdown - First-year regular premium income for the first half of the year was 81.249 billion yuan, maintaining the industry lead [1] - Ten-year and above first-year regular premium income reached 30.305 billion yuan, accounting for 37.3% of first-year regular premium income [1] - The proportion of new single premium income from life insurance, annuity insurance, and health insurance was 30.32%, 32.01%, and 33.42% respectively [1] Channel Performance - Individual insurance channel total premium was 400.448 billion yuan, a 2.6% increase year-on-year, with renewal premiums at 326.563 billion yuan, up 10.4% [2] - New business value from the individual insurance channel was 24.337 billion yuan, reflecting a 9.5% increase [2] - The bancassurance channel saw total premiums of 72.444 billion yuan, a significant increase of 45.7%, with new single premium income growing by 111.1% [2] Group Insurance and Other Channels - Group insurance channel achieved total premiums of 14.437 billion yuan, with short-term insurance premiums at 13.162 billion yuan [3] - Other channels generated total premiums of 37.759 billion yuan, marking an 8.1% year-on-year growth [3] Investment Performance - As of June 30, 2025, total investment assets reached 7,127.153 billion yuan, a 7.8% increase from the end of 2024 [3] - Net investment income for the first half of 2025 was 96.067 billion yuan, with a net investment yield of 2.78% [3] - The company actively increased its equity investments in the public market and participated in innovative investment products like gold [3]