Jin Rong Shi Bao·2025-10-20 07:46Core Viewpoint - China Life Insurance Company expects a significant increase in net profit for the first three quarters of 2025, projecting a range of approximately 156.79 billion to 177.69 billion yuan, representing a year-on-year growth of about 50% to 70% compared to the same period in 2024 [1] Group 1: Performance Forecasts - China Life is the third listed insurance company to announce a profit increase for the third quarter [1] - People's Insurance Company of China (PICC) anticipates a net profit of 26.75 billion yuan for the first three quarters, with an expected increase of 40% to 60% year-on-year [1] - New China Life Insurance forecasts a net profit between 29.99 billion and 34.12 billion yuan, expecting a year-on-year increase of 45% to 65% [1] Group 2: Reasons for Performance Increase - Reason One: Enhancing the supply-side structural reform of insurance through the "Five Major Articles" in finance, focusing on value creation and efficiency improvement [2] - China Life emphasizes its role as an economic stabilizer and is committed to deepening product and business diversification [2] - PICC aims to optimize management and enhance strategic layout in key areas, leading to significant growth in underwriting profits [2] - New China Life focuses on improving market competitiveness and advancing high-quality, sustainable development [2] Group 3: Investment Strategies - Reason Two: Actively promoting long-term capital market investments, resulting in a substantial increase in investment returns [3] - China Life adheres to long-term, value, and stable investment principles, enhancing investment portfolio stability and long-term return potential [3] - PICC is increasing its allocation to high-quality equity assets while maintaining liquidity safety margins [3] - New China Life is optimizing asset allocation to counter low-interest rate challenges, solidifying its long-term return foundation [3] - All three companies benefited from the capital market's rise in the first three quarters, leading to significant growth in net profits [3]