China Life posts strong first half 2025 growth, premiums hit five-year high

China Life Insurance Company Limited reported a significant increase in gross written premiums, reaching 525,088 million yuan for the first half of 2025. This marks the highest growth rate in five years with a 7.3% year-on-year increase. Net profit attributable to equity holders of the company rose by 6.9% to 40,931 million yuan. The value of half-year sales demonstrated rapid growth of 20.3% to 28,546 million yuan, maintaining an industry-leading position. Total assets exceeded 7 trillion yuan, reaching 7,292,355 million yuan, while investment assets grew by 7.8% to 7,127,153 million yuan from the end of 2024.

The company's comprehensive solvency ratio stood at 190.94%, with a core solvency ratio of 139.54%, both remaining at relatively high levels. The number of long-term in-force policies reached 327 million. Individual agent channel gross written premiums increased by 2.6% to 400,448 million yuan, and bancassurance channel premiums saw a substantial 45.7% rise to 72,444 million yuan. First-year regular premiums with a payment duration of ten years or longer accounted for over 45% of the total in the individual agent channel, underscoring a focus on sustainable development.

China Life continued to advance its digital and intelligent operations, processing over 12 million commercial insurance claims, with more than 75% settled through digitalized services. The company also expanded its "insurance + services" ecosystem, focusing on healthcare and senior-care services, and enhancing consumer protection initiatives.