New China Life proposes significant interim dividend amid strong performance

New China Life Insurance Company's board approved an interim profit distribution for 2025, proposing a cash dividend of CNY 0.67 per share (tax inclusive) totaling approximately CNY 2.09 bn. This represents 14.1% of the net profit attributable to shareholders. This follows a strong performance with a net profit attributable to shareholders of CNY 14.799 bn for the six months ended June 30, 2025, an increase of 33.5% from the previous year. The company’s comprehensive solvency ratio stood at 256.01%, with the core solvency ratio at 170.72%, both compliant with regulatory requirements after the distribution.

The company's primary insurance premium income grew by 22.7% to CNY 121.262 bn, driven by strong growth in the individual and bank insurance channels. Total investment income reached CNY 45.288 bn, up 43.3%, contributing to a 5.9% annualized total investment yield. Service revenue rose by 5.7% to CNY 24.753 bn, while insurance service expenses increased by 7.1% to CNY 16.242 bn.

The dividend proposal, along with the full 2025 interim report, will be submitted for shareholder approval. This interim distribution marks a continued commitment to shareholder returns, following a 2024 full-year dividend of CNY 1.99 per share and a 2024 interim dividend of CNY 0.54 per share.