近日，中国人寿保险股份有限公司（以下简称"中国人寿"）凭借在保险主业、社会责任、文化建设与数 字化转型等领域的探索实践，斩获多项行业大奖：在上海证券报"金理财"评选中，摘得"年度保险保障 品牌奖"与"年度保险企业社会责任奖"；在金融时报"金龙·金融力量"案例征集评选中，入选"金融品牌和 文化建设案例"与"金融'五篇大文章'案例"。 聚焦价值创造与效益提升，中国人寿紧密联动资产负债两端，推动业务高质量发展。深入推进产品和业 务的形态多元、期限多元、成本多元，人寿保险、年金保险、健康保险新单保费实现均衡发展。同时， 积极落实预定利率与市场利率挂钩及动态调整机制，并大力发展浮动收益型业务，2025年前三季度浮动 收益型业务在首年期交保费中的占比较上年同期提升超45个百分点，新业务负债刚性成本同比明显下 降。在业务稳健增长的同时，费用支出同比下降，投入产出效率大幅提升。队伍建设方面，中国人寿稳 步推进销售队伍专业化、职业化转型，截至2025年9月30日，总销售人力65.7万人，其中个险销售人力 60.7万人，队伍规模稳居行业首位，队伍质态持续优化。 勇担责任践行头雁使命 荣膺"年度保险企业社会责任奖" 在深耕主业的同 ...

勇担责任践行头雁使命 近日，中国人寿（601628）保险股份有限公司（以下简称"中国人寿"，股票代码：601628.SH， 2628.HK）凭借在保险主业、社会责任、文化建设与数字化转型等领域的探索实践，斩获多项行业大 奖：在上海证券报"金理财"评选中，摘得"年度保险保障品牌奖"与"年度保险企业社会责任奖"；在金融 时报"金龙·金融力量"案例征集评选中，入选"金融品牌和文化建设案例"与"金融'五篇大文章'案例"。 荣誉的获得，既是行业与市场对中国人寿头雁担当的肯定，更彰显其以专业守护民生、以责任服务大 局、以文化凝聚力量、以科技驱动创新的深层发展逻辑。 专业深耕筑牢保障根基 斩获"年度保险保障品牌奖" 作为寿险行业头雁，中国人寿始终坚守金融为民初心，持续推进产品创新与服务升级，以向上向好的业 绩表现引领行业。 2025年前三季度业绩报告显示，该公司实现总保费6696.45亿元，同比增长10.1%；其中，新单保费 2180.34亿元，同比增长10.4%。总保费、新单保费、续期保费均实现两位数增长。截至2025年末收官阶 段，总保费更突破7000亿元大关，以亮眼业绩彰显发展韧劲。 聚焦价值创造与效益提升，中国人寿 ...

Core Viewpoint - The insurance industry, particularly China Life Insurance Co., is focusing on high-quality transformation and reform to align with national development goals and enhance its role in serving the public and the economy [2][3]. Group 1: Business Development and Market Position - As of November 30, 2025, China Life's total premium income is expected to exceed RMB 700 billion, marking a significant breakthrough compared to the total premium income for 2024 [2]. - China Life has provided insurance services to over 600 million customers, with compensation payments exceeding RMB 160.9 billion in the first half of 2025, including over RMB 34 billion for health insurance [3][6]. - The company has actively participated in the construction of the third pillar of pension insurance, with individual pension premium income showing significant growth [3][5]. Group 2: Product Innovation and Customer Service - In the health insurance sector, China Life has launched various products addressing real health needs, including insurance for middle-aged and elderly individuals [4]. - The company is expanding its pension insurance offerings and has developed a diverse range of commercial annuity products to meet various retirement needs [5]. - China Life is transitioning from a "post-compensation" model to an "insurance + service" model, enhancing its health and elderly care service systems [5]. Group 3: Growth and Internal Dynamics - China Life emphasizes value creation and efficiency improvement as its core operational strategy, adapting to the increasingly diverse and personalized insurance needs of consumers [7]. - The company has diversified its product offerings and accelerated channel transformation, achieving a new business value growth of 41.8% in the first three quarters of 2025 [8][9]. - The total sales force reached 657,000 by September 30, 2025, with a focus on enhancing the quality and retention of its sales team [8]. Group 4: Long-term Investment Strategy - China Life is committed to long-term and value investment principles, aligning its investment strategies with national economic needs and regulatory guidance [11][12]. - The company has increased its equity investments significantly, with over RMB 380 billion added to its public market equity holdings by the third quarter of 2025 [12]. - China Life is also investing in strategic emerging industries and innovative asset classes, including technology and green transition projects, to enhance its investment portfolio [12][13].

Core Viewpoint - The insurance industry plays a crucial role in mitigating economic risks, maintaining social stability, and enhancing livelihood security, as evidenced by the performance of listed insurance companies in their semi-annual reports [1] Group 1: Service to the Real Economy and Public Welfare - The life insurance sector is continuously enriching inclusive insurance products and services, providing essential support for healthcare, protection against loss, and elderly care [2] - China Life has engaged in over 200 major illness insurance projects and 70 long-term care insurance projects, while also launching innovative health insurance products [2] - China Pacific Insurance has increased its investment in the second pillar pension management assets to 678.3 billion yuan, a 5.1% increase from the beginning of the year [2] Group 2: Technology and Green Investments - China Pacific Insurance has increased its technology investment balance to 119.7 billion yuan, while New China Life has established a venture capital fund focused on new infrastructure and strategic emerging industries [3] - China Life has made significant investments in green sectors, including a major IPO in the renewable energy sector, while China Pacific has developed a green investment management system [3] Group 3: Market Stability through Investment - Several listed insurance companies have actively responded to calls for insurance capital to enter the market, enhancing equity allocation and investment capabilities [4] - New China Life has optimized its asset structure and participated in long-term capital market pilot reforms, establishing funds focused on high-quality listed companies [4] Group 4: A-share Market Investment Growth - China Insurance has increased its A-share investment assets by 26.1% by mid-year, with a focus on long-term investment value and stable dividend returns [5] Group 5: Investment Strategy for the Second Half of the Year - China Life remains optimistic about the A-share market, focusing on sectors such as technology innovation and advanced manufacturing for investment opportunities [6] - The company plans to maintain a flexible allocation strategy in fixed income while optimizing equity allocation towards high-dividend stocks [6] Group 6: Cost Reduction and Risk Management - The insurance industry is optimizing product structures and accelerating the development of floating yield dividend insurance products to mitigate interest rate risk [7] - New China Life has established a leadership group to promote the transformation of dividend insurance, achieving significant results in premium growth [8] Group 7: Asset-Liability Management - New China Life is enhancing its asset-liability matching capabilities by diversifying its fixed income portfolio and reducing reinvestment risks [9] - China Life has successfully narrowed the effective duration gap of its new business to 1.5 years, demonstrating effective interest rate risk management [9][10]