New China Life forecasts strong 2025 Q3 profit growth on investment returns

New China Life Insurance Company Ltd. expects its net profit attributable to shareholders for the first three quarters of 2025 to be between RMB29,986 million and RMB34,122 million. This represents an increase of RMB9,306 million to RMB13,442 million, or 45% to 65%, compared to the same period in 2024. After deducting non-recurring items, the estimated net profit is RMB28,998 million to RMB33,141 million, an increase of 40% to 60%.

The company's total profit for the first three quarters of 2024 was RMB23,281 million, with net profit attributable to shareholders at RMB20,680 million. The positive outlook for 2025 is primarily attributed to sound performance in China's capital market and the company's strategic asset allocation, which led to substantial growth in investment returns.

New China Life attributes its strong performance to fulfilling its role as a state-owned financial enterprise, advancing a customer-centric strategy, and promoting "five target areas" including technology finance and green finance. The company also optimized its asset allocation to high-quality assets, aiming for long-term returns in a low-interest-rate environment.