2 1 Shi Ji Jing Ji Bao Dao·2025-08-29 10:04Core Viewpoint - China Life Insurance Company reported strong performance in the first half of 2023, with total premium income reaching 525.09 billion yuan, a year-on-year increase of 7.3%, and net profit attributable to shareholders at 40.93 billion yuan, up 6.9% [1][2] Group 1: Financial Performance - Total premium income for the first half of 2023 was 525.09 billion yuan, marking the best historical performance for the same period [1][2] - Net profit attributable to shareholders reached 40.93 billion yuan, reflecting a 6.9% year-on-year growth [1][2] - New business value significantly increased by 20.3% to 28.55 billion yuan [1] Group 2: Strategic Initiatives - The company emphasized three proactive strategies: strategic initiative, transformation initiative, and development initiative [2] - Focus areas include cost reduction, efficiency enhancement, product diversification, marketing reform, and health and wellness ecosystem development [2] - The company aims to explore growth opportunities in the pension, health, and wealth management sectors [2] Group 3: Channel Development - Individual insurance channel generated 400.45 billion yuan in premiums, a 2.6% increase; bancassurance channel saw a 45.7% increase to 72.44 billion yuan; group insurance channel declined by 2.31% to 14.44 billion yuan [4][5] - The company plans to enhance channel integration and resource sharing to achieve synergistic effects [5] Group 4: Investment Strategy - The company will focus on long-term investment strategies, emphasizing new productive forces and high-dividend stocks [6] - The outlook for the domestic economy remains positive, with expectations for steady growth supported by government policies [6] - The company is optimistic about the A-share market and will adopt a flexible asset allocation strategy [6][7]