China Life's Cai Xiliang: By 2025, performance will be solid, demonstrating a "steady" pattern, a "progressive" momentum, and "resilient" characteristics

On March 26, China Life Insurance Company Limited (hereinafter referred to as “China Life,” stock code: 601628.SH, 2628.HK) held simultaneous annual performance briefings in Beijing and Hong Kong for the year 2025.

At the meeting, China Life Chairman Cai Xiliang stated that 2025 is a year of multiple pressures for the company, but also a year full of achievements and solid results. The company once again achieved comprehensive success across scale, value, speed, quality, structure, efficiency, and safety, setting new records in several key indicators. A series of data fully demonstrate the company’s stable foundation, momentum for progress, and resilience, marking a successful conclusion to the 14th Five-Year Plan and a new step forward in development:

First, fully exerting efforts to serve the overall situation. China Life actively participates in the construction of a multi-level social security system, with total payments and claims reaching nearly 900 billion yuan over five years; annually providing insurance coverage for over 270 million rural residents; participating in over 200 major disease insurance projects, more than 70 long-term care insurance projects, and over 140 urban commercial medical insurance projects; strongly supporting the real economy, with investment in the real economy exceeding 5 trillion yuan.

Second, a comprehensive leap in overall strength. China Life’s total premiums reached the trillion-yuan level, becoming the first industry company to surpass 700 billion yuan, with global leading reserves for life and health insurance; total assets and investment assets both exceeded 7.4 trillion yuan, crossing the 30 trillion yuan mark, and the company’s market value surpassed 1 trillion yuan, ranking first among global life insurance companies by market capitalization.

Third, safety of development fully consolidated. China Life’s asset-liability management assessment results consistently maintain the highest industry standards; solvency adequacy ratio remains in a healthy range; comprehensive risk rating has maintained an A-level for 30 consecutive quarters, with the last 8 quarters rated AAA, the highest rating; consumer protection regulatory evaluations continue to rank among the industry’s top.

(Edited by: Wang Lei)

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