China Life(SH:601628) 2 1 Shi Ji Jing Ji Bao Dao·2025-12-15 00:36Core Viewpoint - During the "14th Five-Year Plan" period, China Life Insurance Company Limited has achieved significant milestones in insurance premium income, asset growth, and service enhancement, reflecting the company's commitment to supporting national development and improving people's livelihoods [16][17][19]. Group 1: Insurance Industry Growth - The insurance industry in China has seen a dual improvement in scale and quality, with total insurance premium income reaching 7 trillion yuan in 2024 [15]. - By the end of the third quarter of 2025, the comprehensive solvency adequacy ratio of the insurance industry was 186.3%, and the core solvency adequacy ratio was 134.3% [15]. - China Life's total premium income surpassed 700 billion yuan, with total assets and investment assets both exceeding 7 trillion yuan [17]. Group 2: Social Security and Healthcare - The basic medical insurance coverage rate in China has stabilized at around 95%, with 1.327 billion people enrolled by 2024 [3]. - The basic pension insurance coverage rate has also exceeded 95%, with the number of elderly care institutions reaching 406,000 by the end of 2024 [5]. - The average disposable income of rural residents increased from 17,000 yuan in 2020 to 23,000 yuan in 2024 [9]. Group 3: Employment and Economic Support - By the end of August 2025, urban employment in China had increased by 59.21 million [7]. - China Life has provided comprehensive risk protection for over 480,000 small and micro enterprises, amounting to approximately 2.7 trillion yuan [7]. - The number of specialized and innovative small and medium-sized enterprises exceeded 10,000 during the "14th Five-Year Plan" period [11]. Group 4: Product Development and Service Enhancement - China Life has developed over 560 new products during the "14th Five-Year Plan" period, covering various needs such as medical, pension, and wealth management [20]. - The company has launched 20 institutional elderly care projects and four "flexible living" elderly care service products by the end of the third quarter of 2025 [23]. - The digital transformation of China Life has led to a significant increase in service efficiency, with an intelligent underwriting review rate of 95.8% and a claims processing rate exceeding 75% [29]. Group 5: Commitment to National Development - China Life has invested over 5 trillion yuan in supporting the real economy, focusing on key areas such as technology innovation and clean energy projects [31][32]. - The company has actively participated in rural revitalization efforts, with 1,445 support points established and over 1,000 support personnel dispatched in 2024 [32]. - China Life has donated 21 million yuan to its charity foundation in 2024, demonstrating its commitment to social responsibility [32].