Huan Qiu Wang·2025-08-29 10:08Core Viewpoint - China Life Insurance Company reported strong performance in the first half of 2025, achieving record growth in total premiums and maintaining industry leadership in several key metrics [1][2]. Group 1: Financial Performance - Total premiums reached 525.09 billion yuan, a year-on-year increase of 7.3%, marking the highest growth rate for the same period in five years [2]. - Total investment income was 127.51 billion yuan, up 4.2% year-on-year [2]. - The net profit attributable to shareholders was 40.93 billion yuan, reflecting a 6.9% increase compared to the previous year [2]. - The company's internal value stood at 1.48 trillion yuan, maintaining the top position in the industry [2]. Group 2: Business Development - The first-year premium income was 81.25 billion yuan, leading the industry [2]. - New business value reached 28.55 billion yuan, a 20.3% increase from the same period in 2024 [2]. - The company’s total assets and investment assets both exceeded 7 trillion yuan, at 7.29 trillion yuan and 7.13 trillion yuan respectively [2]. Group 3: Strategic Initiatives - China Life is committed to supporting national strategies and enhancing social welfare, with a focus on the third pillar of pension insurance and commercial annuities [3]. - The company has accumulated nearly 4 trillion yuan in future liability reserves [3]. - Over 48 million customers received claims, with total claims payments amounting to 160.9 billion yuan, including over 34 billion yuan for health insurance [3]. Group 4: Channel and Product Innovation - The individual insurance channel generated total premiums of 400.45 billion yuan, a 2.6% increase year-on-year [4]. - The bancassurance channel saw a significant increase, with total premiums rising by 45.7% and new single premiums increasing by 111.1% [5]. - The company is enhancing its marketing system and professional capabilities within its sales teams, achieving a 27.6% increase in personnel quality [5]. Group 5: Technological Advancements - China Life is advancing its digital financial services, achieving a 95.8% intelligent underwriting review rate through AI integration [6]. - The company has successfully reached over 10.11 million customers with its senior-friendly services and over 51.49 million customers with various value-added services [6]. - The company’s consumer education initiatives have expanded significantly, with outreach increasing by 81.3% year-on-year [6].