智通财经网·2025-10-31 09:12Core Viewpoint - Bank of America Securities reports that China Life Insurance (02628) achieved a net profit of 167.8 billion RMB in the first three quarters, representing a 61% year-on-year increase, significantly exceeding market expectations [1] Financial Performance - The net profit for the third quarter reached 126.9 billion RMB, surpassing the total net profit of 106.9 billion RMB for the entire previous year [1] - Quarterly investment income increased by 92%, benefiting from realized gains and fair value gains, indicating substantial advantages from the rising A-share market [1] - The total investment return rate for the first three quarters was 6.4%, the highest among peers, compared to 5.5% to 5.8% for other leading life insurance companies [1] Forecast Adjustments - Bank of America has raised its full-year profit forecast for China Life by 91%, based on higher-than-expected investment income [1] - Profit forecasts for the next two years have been increased by 14%, with expectations for investment return rates to normalize [1]