China Life Cultivates New Quality Tracks in Nuclear Energy
Supporting Shandong Nuclear Power through an 8 billion yuan equity investment, aiding Haiyang in achieving zero-carbon heating and green transformation.
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Financial services and insurance group
chinalife.com.cnLast updated
In short: China Life reported 15.8% growth in profit excluding short-term market effects, while new business value rose 13.1%.
Supporting Shandong Nuclear Power through an 8 billion yuan equity investment, aiding Haiyang in achieving zero-carbon heating and green transformation.
In response to the magnitude 7.0 earthquake in Nagqu, Tibet, China Life has activated its Level I emergency plan, with both its life insurance and property & casualty insurance subsidiaries introducing ten convenience measures to accelerate claims processing and streamline procedures.
Both parties signed an agreement to deepen cooperation in fields such as insurance and investment/financing. The subsidiary property and casualty insurance company signed business frameworks with multiple brands under Chang'an.
The funds are used to enhance capital strength and serve the real economy, reflecting the state's support for the high-quality development of the financial and insurance industry.
On the evening of October 30, China Life released its third-quarter report showing that in the first three quarters of 2026, the company achieved operating revenue of 367.812 billion yuan, a year-on-year decline of 31.62%; net profit attributable to parent company shareholders was 89.43 billion yuan, a decrease of approximately 78.4 billion yuan compared to the same period last year, with a year-on-year drop of 46.71...
In the first three quarters, China Life achieved total premiums of 676.144 billion yuan, a year-on-year increase of 1.0%, among which, the first-year regular premium reached 116.751 billion yuan, firmly ranking first in the industry, with a year-on-year increase of 6.2%; renewal premiums were 459.476 billion yuan, up 1.7% year-on-year; the surrender rate was 0.66%, down 0.08 percentage points year-on-year...
From an industry perspective, the universal growth in operating profit, divergence in life insurance new business value, and optimization of property insurance underwriting profitability indicate that the divergence in industry profitability stems more from differences in business structure and operational strategies than from an overall weakening of fundamentals. As the base effect in the fourth quarter gradually declines, the growth rate of new business value for leading insurance companies is expected to recover环比 (quarter-on-quarter), and industry profitability will return to its core business fundamentals. For investors, it is more important to move beyond the short-term disturbances of book profits and anchor on long-term variables. On October 30, China Life released its third-quarter report for 2026. In the first three quarters of 2026, China Life achieved operating revenue of 367.812 billion yuan, year-on-year...
On October 20, China Life Insurance Company Limited announced its mid-year results for 2026. In the first half of the year, the company achieved a net profit attributable to shareholders of the parent company of 134.489 billion yuan, representing a year-on-year increase of 228.6%. Total assets broke through 8 trillion yuan for the first time, with investment assets reaching 7.95 trillion yuan. Behind the significant growth in profits is the performance on the investment side. In the first half of the year, China Life's total investment return rate reached 5.58%. The company stated that resilience on the investment side continues to strengthen, and it adheres to the concepts of long-term investment, value investment, and prudent investment, deepening asset-liability linkage and optimizing cross-cycle asset allocation. The characteristics of life insurance funds are...
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