New China Life posts strong profit and new business value growth in H1 2025

New China Life Insurance Company Ltd. reported a 33.5% increase in net profit attributable to parent company shareholders, reaching RMB14,799 million in the first half of 2025, up from RMB11,083 million in the same period of 2024. Total revenue also saw a healthy rise of 25.5% to RMB69,429 million. The company's new business value surged by 58.4% to RMB6,182 million, alongside a 22.7% increase in original insurance premium income to RMB121,262 million.

The company plans to distribute a mid-year cash dividend of RMB0.67 per share (including tax), totaling approximately RMB2.09 billion, representing 14.1% of the net profit attributable to parent company shareholders for the first half of 2025. This proposal awaits approval at the shareholder general meeting. The annualised total investment yield for the period was 5.9%, up 1.1 percentage points from 4.8% in 2024.

Total assets grew by 5.0% to RMB1,777,665 million as of June 30, 2025, compared to RMB1,692,297 million at the end of 2024. The solvency position remained strong, with the core solvency adequacy ratio at 170.72% and the comprehensive solvency adequacy ratio at 256.01% as of June 30, 2025.