Core Insights - China Life Insurance Company reported a total premium of 525.088 billion yuan for the first half of 2025, marking a historical high for the same period and a year-on-year increase of 7.3% [1] - The company achieved a new business value of 28.546 billion yuan, reflecting a significant year-on-year growth of 20.3% compared to the same period in 2024 [1] Premium Breakdown - The total premium for life insurance reached 439.134 billion yuan, with a year-on-year growth of 8.5% [1] - Health insurance premiums totaled 78.958 billion yuan, showing a year-on-year increase of 2.0% [1] - Accident insurance premiums amounted to 6.996 billion yuan [1] First-Year Premiums - The first-year regular premium for the company was 81.249 billion yuan [1] - The first-year regular premium for policies with a duration of ten years or more was 30.305 billion yuan, accounting for 37.3% of the total first-year premiums [1] - The 14-month policy retention rate improved to 92.1%, an increase of 0.6 percentage points year-on-year [1] Investment Performance - As of June 30, 2025, the company's investment assets reached 7.127153 trillion yuan, a growth of 7.8% from the end of 2024 [1] - The net investment income for the first half of 2025 was 96.067 billion yuan, with a net investment yield of 2.78% [1] - Total investment income was 127.506 billion yuan, yielding a total investment return of 3.29% [1] Financial Position - By the end of June 2025, the total assets of China Life Insurance amounted to 7.29 trillion yuan [2] - The net profit attributable to shareholders for the first half of 2025 was 40.931 billion yuan, reflecting a year-on-year increase of 6.9% [1] Solvency Ratios - As of June 30, 2025, the comprehensive solvency ratio was 190.94%, and the core solvency ratio was 139.54%, indicating a strong solvency position [2]

格隆汇8月27日丨中国人寿(601628.SH)发布2025年半年度报告，上半年实现总保费5250.88亿元，创历史 同期最好水平，同比增长7.3%；实现归属于母公司股东的净利润为409.31亿元，同比增长6.9%。公司坚 持高质量发展主题，积极布局应对市场变化，大力推动变革转型，业务发展顺势而上，交出了稳中有 进、进中提质、量质齐升、效速兼取的优异答卷。 上半年，中国人寿业务指标保持领先，再迈新台阶。在保持经营大盘稳定的同时，公司各渠道奋力开 拓，主要指标再创佳绩。上半年取得总保费5250.88亿元。其中，寿险业务总保费4391.34亿元，同比增 长8.5%；健康险业务总保费为789.58亿元，同比增长2.0%；意外险业务总保费为69.96亿元。截至今年6 月30日，中国人寿总销售人力64.1万人，销售队伍规模保持领先；持续推进营销体系改革，队伍质态稳 步提高。 ...