Xin Lang Cai Jing·2025-12-29 03:09Core Viewpoint - In 2025, despite external uncertainties, China's economy is expected to reach 140 trillion yuan, solidifying its position as the world's second-largest economy, driven by strong leadership and a focus on high-quality development [1] Group 1: Economic and Industry Overview - The insurance sector is highlighted as a stabilizer in the economy, benefiting from enhanced macro policies and a refined regulatory framework [1] - China Life Insurance Company (China Life) is aligning its strategies with national policies to accelerate its transformation and aim for becoming a world-class insurance company [2] - The company emphasizes its role in supporting national development and addressing public needs, showcasing its commitment to high-quality service [2] Group 2: Financial Performance - In the first three quarters of 2025, China Life achieved total premiums of 669.645 billion yuan, a 10.1% increase year-on-year, with new premiums growing by 10.4% [7] - The company reported a strong growth in new business value, up 41.8%, and maintained high solvency levels with core solvency ratio at 137.50% [7] - Total assets reached 74,179.81 billion yuan, with investment assets growing by 10.2% compared to the previous year [7] Group 3: Business Strategy and Innovation - China Life is focusing on value creation and efficiency, diversifying its product offerings across life, annuity, and health insurance [8] - The company is enhancing its digital operations, utilizing AI and big data to improve customer service and operational efficiency [20][21] - A significant increase in the proportion of floating income products has been noted, with a 45 percentage point rise in the first-year premium share [8] Group 4: Social Responsibility and Community Engagement - China Life is actively involved in rural revitalization efforts, supporting low-income families and contributing to local economic development [17][18] - The company has established numerous assistance points and invested in educational programs to enhance rural skills and promote local industries [18] - It has also expanded its healthcare insurance services, ensuring a stable service level for insured populations [13] Group 5: Future Outlook - Looking ahead, China Life aims to deepen its involvement in various financial sectors, including pension and inclusive finance, while enhancing its governance and risk management [26][27] - The company is committed to maintaining its market leadership and adapting to complex external environments to ensure sustainable growth [26][27]