智通财经网·2025-11-06 01:51Core Viewpoint - China Life Insurance (02628) reported a significant increase in net profit for Q3 2025, nearly doubling from the previous year, driven by strong performance in both insurance and investment services [1] Financial Performance - For Q3 2025, China Life's net profit reached 126 billion yuan, a year-on-year increase of 92%, contributing to a total net profit of 167.8 billion yuan for the first nine months, which is a 61% increase year-on-year [1] - The company's new business value on a comparable basis grew by 41.8% in the first three quarters, a substantial increase from the 20.3% growth rate in the first half of the year [1] Business Growth Drivers - The growth in net profit was attributed to a dual-driven increase from both insurance service performance and investment service performance [1] - The first-year new policy premium saw a year-on-year increase of 53%, with an expectation of continued improvement in value rate due to adjustments in product structure and a reduction in the preset interest rate [1] Market Outlook - The low base effect from last year's significant decline in interest rates is expected to drive profit growth in Q4 2025 [1]