New China Life reports strong first-half 2025 performance with significant growth

New China Life Insurance Company Ltd. reported a robust first half of 2025, with total revenues increasing by 25.5% year-on-year to RMB69,429m. Net profit attributable to shareholders rose by 33.5% to RMB14,799m, while total assets grew 5.0% to RMB1,777,665m. The annualized total investment yield for the period was 5.9%, and the comprehensive solvency margin ratio stood at 256.01%.

The value of new business saw a substantial increase of 58.4% year-on-year, reaching RMB6,182m. Gross written premiums (GWP) also grew by 22.7% to RMB121,262m, with first-year premiums from long-term insurance business surging by 113.1% to RMB39,622m. The company plans to distribute an interim cash dividend of RMB0.67 (tax inclusive) per share, totaling approximately RMB2,090m.

The company's investment in supporting the real economy reached RMB1.21 trillion, with nearly RMB150bn dedicated to "five priorities" in finance, marking a 54% year-on-year growth. The individual insurance channel saw new agent additions increase by 182%, and the company maintained a product portfolio of 198 offerings.