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净利为409.31亿元!寿险“头雁”上半年交“普涨”答卷
Bei Jing Shang Bao· 2025-08-27 14:39
Core Viewpoint - China Life Insurance Company reported strong performance in the first half of 2025, achieving a net profit of 40.931 billion yuan, a year-on-year increase of 6.9%, and total premiums reaching 525.088 billion yuan, marking the best historical level for the same period [1][5]. Financial Performance - The company’s total assets and investment assets both exceeded 7 trillion yuan, with investment assets growing by 7.8% compared to the end of 2024 [5]. - Total investment income for the first half of 2025 was 127.506 billion yuan, up 4.2% year-on-year, with an overall investment return rate of 3.29% [5][6]. - The embedded value stood at 1.48 trillion yuan, maintaining the leading position in the industry [5]. Business Growth - Total premiums increased by 7.3% year-on-year, with individual insurance channel premiums reaching 400.448 billion yuan, a 2.6% increase [9]. - New business value grew by 20.3% year-on-year, reaching 28.546 billion yuan, with the first-year premium income showing a significant increase [9][10]. Strategic Initiatives - The company is focusing on a diversified business strategy, with significant growth in floating income-type products, which now account for a larger share of first-year premiums [8]. - The company is actively responding to the "quality improvement and efficiency enhancement" initiative, proposing a mid-term cash dividend of 2.38 yuan per 10 shares, totaling 6.727 billion yuan [6][12]. Market Position and Competitive Advantage - China Life continues to expand its market share, with a strong competitive edge reflected in various performance metrics [5][6]. - The company is enhancing its asset-liability management and investor return strategies, which are expected to positively impact financial stability and market valuation [7]. Innovation and Technology - The company is leveraging artificial intelligence and digital technologies to improve operational efficiency, with a 95.8% intelligent review rate for underwriting and over 75% of claims processed through digital services [12][13]. - The integration of health management services and the development of comprehensive health and pension solutions are key areas of focus, aligning with market demands driven by an aging population [11][12].