New China Life forecasts robust profit surge for first three quarters of 2025

New China Life Insurance Company (NCI) projects a substantial increase in net profit attributable to shareholders for the first three quarters of 2025, ranging from RMB 299.86 bn to RMB 341.22 bn. This represents an estimated rise of RMB 93.06 bn to RMB 134.42 bn compared to the same period in 2024, translating to a year-on-year growth of 45% to 65%.

The company also expects net profit attributable to shareholders after deducting non-recurring gains and losses to be between RMB 289.98 bn and RMB 331.41 bn. This indicates an increase of RMB 82.85 bn to RMB 124.28 bn, marking a 40% to 60% increase from the prior year.

NCI attributes this strong performance to its focus on value growth and quality improvement in insurance operations, optimized asset allocation, and a positive trend in the Chinese capital market. The anticipated investment income for the first three quarters of 2025 shows a significant year-on-year increase, building on high growth from the previous year.