It was learned that from January 28 to 29, 2026, China Life Insurance (Group) Company (hereinafter referred to as "China Life Group") held its 2026 work conference in Beijing.
This work conference disclosed the operating performance of this large financial group for 2025, revealing many noteworthy highlights.
As a central financial enterprise spanning the three major sectors of insurance, investment, and banking, the group's consolidated investment returns for the past year exceeded 400 billion yuan, achieving a year-on-year increase of nearly 18%.
It is important to clarify that China Life Group and the A+H-share listed "China Life" (i.e., China Life Insurance Company Limited) are not the same entity—the former is the controlling shareholder and parent company of the latter, constituting a comprehensive financial holding group encompassing multiple business formats.
Performance Reaches Record Highs Official data shows that China Life Group's operating performance reached new highs, with specifics as follows: Group consolidated operating revenue was 1.28 trillion yuan, an increase of 11.3% year-on-year; Consolidated premium income was 887.4 billion yuan, up 7.4% year-on-year; Consolidated investment returns were 401.1 billion yuan, a rise of 17.6% year-on-year; Consolidated net profit increased significantly; total consolidated assets reached 8.56 trillion yuan, growing by 14.4% year-on-year; Assets under management amounted to 17.5 trillion yuan, an increase of 11% year-on-year.
The group further pointed out: "Its function as an economic shock absorber and social stabilizer was better utilized, providing risk coverage of over 1400 trillion yuan for the economy and society, and investments serving the real economy increased by 800 billion yuan to reach 5.4 trillion yuan. Risk prevention and control was powerful, orderly, and effective, with the life insurance company, property insurance company, and pension insurance company all receiving the industry's highest comprehensive risk rating, and the asset management company also achieving the highest annual regulatory rating."
China Life Group also noted that the aforementioned operating data is unaudited.
Emphasis on "Digital-Intelligent Transformation" At the annual work conference, China Life Group also emphasized a strategy supported by technology, guided by scenarios, and oriented towards value. This involves balancing technological innovation with operational upgrades, balancing independent control with open cooperation, balancing strengthening advantages with addressing weaknesses, and balancing development with security, focusing on six key elements: data, algorithms, computing power, platforms, ecosystems, and scenarios.
The meeting also highlighted the goal of accelerating the transformation into a "Future China Life" characterized by the comprehensive integration of business and technology, agile and transparent organization and operations, precise and efficient frontline empowerment, readily accessible products and services, and real-time, comprehensive risk perception, thereby exploring a "China Life Solution" for the development of digital finance.
Group Business Covers Insurance, Investment, and Banking China Life Group has eight first-level subsidiaries, one nationwide joint-stock commercial bank, and one insurance institute under its umbrella, with its business scope covering the three main sectors of insurance, investment, and banking.
The life insurance subsidiary under China Life Group is the world's largest single life insurance company, often referred to as the "leading goose" of China's life insurance industry.
Furthermore, China Life Group also owns China Guangfa Bank, one of the first nationwide joint-stock commercial banks established in China, which became one of the first domestically systemically important banks in 2021. The group also includes China Life Asset Management Company, one of the first insurance asset management institutions established in China, whose asset management scale ranks first domestically. In early 2024, it jointly established Guofeng Xinghua Private Equity with New China Life Insurance Asset Management, which manages the Honghu Series of funds (specifically investing in the Chinese stock market), with scale already surpassing 100 billion yuan.
Additionally, China Life Group's portfolio includes a property insurance company, a pension insurance company, an alternative investment company, and an overseas company.
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