New China Life Insurance Company Ltd. Sees 28% Rise in Q1 Premium Income
New China Life Insurance Company Ltd., a China-based insurance provider, has reported a significant 28% increase in its premium income for the first quarter of 2025. The company’s unaudited gross premium income for the period between January 1, 2025, and March 31, 2025, showed substantial growth compared to the previous year.
Key Highlights
- The company operates through three main segments: Traditional Insurance, Dividend Insurance, and Other Business.
- New China Life Insurance’s Q1 profit rose 19%, while operating income jumped 26%.
- The company’s shares saw a 3% increase following the announcement.
- The company’s wealth management business provides investment operations and capital management services.
Recent Performance
New China Life Insurance has demonstrated strong performance in recent months:
- January-February premium income saw a 29% boost.
- January premium income alone rose by 32%.
- The company expects up to 195% higher attributable net profit for 2024.
Business Overview
New China Life Insurance Company Ltd. is primarily engaged in providing life insurance services and products, wealth management, and other related businesses. The company’s operations are mainly domestic, catering to the Chinese market. With a workforce of 28,675 employees, the company is a significant player in the Life & Health Insurance sector.
The company’s financial performance and growth in premium income indicate a positive trend in the insurance industry, reflecting increasing demand for life insurance and wealth management services in China.
