On October 30, a financial frontline report stated that New China Life Insurance Company Ltd. (ASX: 601336) held its 2026 third-quarter results briefing today.
Discussing the growth in net assets, New China Life Insurance Company Ltd. (ASX: 601336) Vice President Wang Lianwen responded that the company's net assets grew rapidly compared with the end of the previous year, with an increase of 24%, marking the fastest growth phase for the company's shareholder equity (net assets) in recent years.
This growth mainly came from two sources: first, the company's issuance of 10 billion yuan in perpetual bonds; second, the company's net profit of 22.3 billion yuan for the current period.
Wang Lianwen stated that although investment performance experienced periodic fluctuations on top of the same period last year's base due to capital market volatility, the insurance service performance maintained steady growth.
Regarding the 22.3 billion yuan net profit, he said this achievement was hard-won, especially in an environment of significant market volatility, fully demonstrating the company's financial resilience.
The improvement in these two indicators benefited from the company's new Party committee's continued deepening of reforms, with insurance service performance rising year by year: in 2024, insurance service performance grew 10% year on year; in 2025, it grew 14% year on year; and in 2026, it continued to maintain an upward trend.
Wang Lianwen further stated that the steady improvement in insurance service performance has laid a solid foundation for the company's long-term stable operations.
Along with the continuous improvement in liability-side insurance service performance, the company's profit capacity to buffer against asset-side interest spread fluctuations and resist risks has been further enhanced, and the company's profit structure will develop in a more long-term and stable direction.
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