China Life Insurance Co Ltd., a leading Chinese life insurance provider, has released its first-quarter 2025 financial results. The company reported a net profit of RMB 28,802 million attributable to equity holders, representing a 39.5% year-on-year increase. This growth was primarily driven by enhanced asset-liability management and favorable market interest rates.
Financial Highlights
The company’s total assets reached RMB 6,976,390 million, marking a 3.1% increase. Equity attributable to equity holders grew by 4.5%. Despite an 8.9% decline in operating income to RMB 110,177 million, earnings per share improved significantly to RMB 1.02 from RMB 0.73 in the previous year.
Business Performance
China Life Insurance’s insurance business remained stable, with gross written premiums amounting to RMB 354,409 million, a 5.0% year-on-year increase. The company achieved a net cash inflow from operating activities of RMB 192,530 million, reflecting a 4.8% increase compared to the same period in 2024.
Solvency and Future Outlook
The company’s solvency ratios remained robust, with core and comprehensive solvency ratios at 146.12% and 199.34%, respectively. Looking ahead, China Life Insurance plans to maintain its market-leading position through high-quality development and strategic deployment. The company aims to focus on business expansion, operational efficiency, and product diversification to ensure sustained growth and stability despite external uncertainties.
