China Life Insurance reports strong interim growth, solid solvency

China Life Insurance Company Limited announced unaudited interim results for the six months ended June 30, 2025, reporting total assets exceeding RMB7 trillion, reaching RMB7.29 trillion, a 7.7% increase from December 2024. Net profit attributable to equity holders rose by 6.9% year-on-year to RMB40,931 million, with gross written premiums reaching RMB525,088 million, the highest growth rate in five years for the same period. The board proposed an interim cash dividend of RMB0.238 per 10 shares, totaling RMB6,727 million.

The company's solvency remained robust, with a comprehensive solvency ratio of 190.94% and a core solvency ratio of 139.54% as of June 30, 2025, both well above regulatory requirements. These figures represent decreases of 8.40 and 6.58 percentage points, respectively, from the previous quarter, primarily due to increased allocation in equity assets and market interest rate fluctuations. The company also maintained an AAA rating for its Integrated Risk Rating for 28 consecutive quarters.

During the reporting period, gross written premiums from the individual agent channel increased by 2.6% to RMB400,448 million, while bancassurance channel premiums surged by 45.7% to RMB72,444 million. The value of half-year sales grew by 20.3% to RMB28,546 million, maintaining industry leadership.