Core Viewpoint - China Life Insurance Company has achieved a significant milestone with total premium income exceeding 700 billion yuan as of November 30, reflecting its strong comprehensive strength and steady operational performance [1] Group 1: Financial Performance - For the first three quarters of 2025, the company reported a net profit attributable to shareholders of 167.8 billion yuan, a substantial increase of 60.5% year-on-year [2] - Total premium income reached 669.6 billion yuan, marking a year-on-year growth of 10.1%, with renewal premiums at 451.6 billion yuan and new business premiums at 218.0 billion yuan, growing by 10.0% and 10.4% respectively [2] - The new business value saw a robust increase of 41.8% compared to the same period in 2024, indicating improved quality and sustainability of business development [2] Group 2: Financial Strength and Risk Management - As of September 30, 2025, the company's core solvency ratio was 137.50% and the comprehensive solvency ratio was 183.94%, ensuring solid support for business operations [2] - The company has maintained an A-class rating in risk management for 29 consecutive quarters, highlighting its excellent risk control and operational quality [2] Group 3: Asset and Investment Performance - By the end of the third quarter, total assets reached 74,179.81 billion yuan, with investment assets at 72,829.82 billion yuan, reflecting growth of 9.6% and 10.2% respectively since the end of 2024 [3] - Net assets increased significantly by 22.5% to 6,386.82 billion yuan, indicating steady enhancement of the company's intrinsic value [3] - Total investment income for the first three quarters was 368.55 billion yuan, a year-on-year increase of 41.0%, with an investment return rate of 6.42%, up by 104 basis points [3] Group 4: Product Development and Social Responsibility - The company focuses on developing a multi-layered product system for health and pension insurance, introducing innovative products such as long-term disability income loss insurance and maternal disease insurance [4] - In the field of inclusive finance, the company has developed specialized insurance products for key groups, providing risk coverage of approximately 27 trillion yuan for small and micro enterprises and individual businesses [5] - China Life has actively participated in building a multi-level social security system, handling over 200 major illness insurance projects and 70 long-term care insurance projects [5] Group 5: Claims Service and Digital Transformation - In the first three quarters of 2025, the company processed 44.09 million claims, with a total payout of 73.3 billion yuan, maintaining industry leadership in service coverage [7] - The company has integrated digital platforms to enhance claims processing efficiency, achieving an average service time of 0.28 days for its electronic claims service [8] - China Life has established a comprehensive digital claims service system, with over 160 million registered users on its insurance app, significantly improving customer experience and service quality [9]

8月28日，中国人寿在北京、香港两地同步举行中报业绩说明会，公司核心高管悉数出席。 纵观这份中报，2025年上半年中国人寿总保费达5250.88亿元，创历史同期最好水平，同比增长7.3%， 市场份额稳步提升，公司实现归属于母公司股东的净利润409.31亿元，同比增长6.9%。 明确表示加仓港股 在权益投资方面，公司将继续落实中长期资金入市的要求，持续优化配置结构，重点配置高股息优质股 票以及具备新质生产力特征的标的，不断提升长期回报潜力。 公司高度关注港股市场的投资机会，凭借最新获批的QDII额度，上半年已在港股市场实现良好收益， 下半年将继续关注新经济与高股息资产，保持均衡稳健的投资组合。 内含价值持续增长 中国人寿投资收益保持稳健提升。截至今年6月末，中国人寿投资资产突破7万亿元大关，较2024年底增 长7.8%。2025年上半年，这家险资实现净投资收益960.67亿元，净投资收益率为2.78%；实现总投资收 益1275.06亿元，总投资收益率为3.29%。 此次业绩说明会上，中国人寿高管重点回应了关于低利率环境下的投资问题，资事堂将投资者重点关注 的内容整理如下，以飨读者。 首席投资官发声：A股底部夯实 ...