China Life's 2025 performance "a full house": warm protection, strong momentum, and robust resilience

China Life recently held its 2025 annual performance press conference in Beijing and Hong Kong simultaneously. In describing the company’s full-year operating results with the phrase “Man Tang Hong” (“a full house of red”), the chairman of the board, Cai Xiliang, said that despite facing a complex environment with multiple pressures stacked on top of one another, the company still achieved comprehensive breakthroughs across seven dimensions—scale, value, speed, quality, structure, benefits, and safety—bringing the “14th Five-Year Plan” to a successful close.

According to the disclosed financial data, in 2025, China Life’s net profit attributable to shareholders of the parent company was RMB 154.78 billion, representing a year-on-year increase of 44.1%. Embedded value surpassed RMB 1.47 trillion, continuing to lead the industry. Total premium income first crossed the RMB 700 billion threshold, reaching RMB 729.87 billion, up 8.7% year on year. All three core indicators hit historical highs, demonstrating strong development momentum.

In the area of serving people’s livelihoods, the company handled insurance claims for the full year exceeding RMB 100 billion in total, and cumulatively served more than 3 billion customer visits. The number of long-term effective policies increased to 327 million, building a broadly covered protection network. By optimizing service processes and improving claims efficiency, the company fulfilled its commitment to safeguarding people’s better lives.

In terms of operating quality, the company maintained a strong growth momentum on a high base. Both total premium growth and new business value growth simultaneously set the highest records for the same period since 2018. The level of investment returns increased significantly, and the scale of profits reached new heights again. These achievements further strengthened the company’s leading advantage in the domestic market, with multiple indicators already reaching international top-tier levels.

Against the backdrop of a complex and ever-changing market environment, the company has demonstrated strong risk-resilience capabilities. Its business structure continues to be optimized, operating costs across various sales channels have declined noticeably, and operational efficiency has improved steadily. This model of balanced development provides a solid foundation for the company to cope with uncertainty and achieve long-term, steady, and sound operations.