Ren Min Wang·2025-10-20 06:21Core Insights - China Life Insurance Company has achieved significant milestones in its 76-year history, with total assets and investment assets exceeding 7 trillion yuan, and total premiums reaching 525.088 billion yuan, marking the best performance for the same period historically [1] - The company emphasizes the integration of party building into its governance structure, ensuring that party policies are reflected in strategic decisions [2][3] - China Life is committed to serving national development and enhancing its strategic investments, focusing on supporting emerging industries and green sectors [4][5] - The company has expanded its insurance services to underserved areas, providing tailored products to rural populations and enhancing accessibility [6][9] - China Life is actively involved in the elderly care sector, offering diverse insurance products and services to meet the growing demand for elder care [11][15] - The company is undergoing a digital transformation to enhance service delivery and operational efficiency, leveraging technology to improve customer experience [16][18] - China Life maintains a strong commitment to social responsibility and green finance, investing in sustainable projects and promoting environmental protection [23][24] - The company has a robust risk management framework, integrating advanced technologies to enhance its risk monitoring and prevention capabilities [25] Summary by Categories Financial Performance - Total assets and investment assets have surpassed 7 trillion yuan, with total premiums reaching 525.088 billion yuan, indicating strong growth [1] - The net profit attributable to shareholders for the first half of the year was 40.931 billion yuan, a year-on-year increase of 6.9% [5] Governance and Party Building - The company has established 5,888 party organizations, including 399 party committees, ensuring strong governance and alignment with party policies [3] - The integration of party building into business operations has been emphasized through various initiatives [2] Strategic Investments - China Life has increased its investment in strategic emerging industries and green sectors, with over 150 billion yuan added to its public market equity scale [4] - The company has set up a 10 billion yuan science and technology innovation fund to support key industries [4] Customer Service and Accessibility - The company has expanded its insurance services to remote areas, providing coverage to over 930 million people in Qinghai and enhancing service delivery in Tibet [6][9] - The launch of various insurance products tailored for rural populations has been a focus area [6] Elderly Care Services - China Life has introduced multiple insurance products for the elderly, with 140 million new insured individuals in 2024 [11][15] - The company is developing a comprehensive elder care service ecosystem [15] Digital Transformation - The company has implemented a digital strategy, achieving over 11 million monthly active users on its insurance app [17] - The average claim processing time has been reduced to 0.34 days, showcasing improved efficiency [22] Social Responsibility and Green Finance - China Life has invested 1.037 trillion yuan in rural revitalization and 1.486 trillion yuan in inclusive finance [24] - The company supports various green projects, including investments in clean energy and sustainable infrastructure [23][24] Risk Management - The company has a comprehensive risk management system, maintaining an A rating in risk assessment for 29 consecutive quarters [25] - Advanced technologies are being utilized to enhance risk monitoring and prevention [25]