New China Life Insurance (01336) released its interim performance, with a net profit attributable to the parent company of 14.799 billion yuan, representing a year-on-year increase of 33.5%.

New China Life Insurance (01336) released its performance for the 6 months ending on June 30, 2025. The group achieved a total income of 69.429 billion yuan during the period, a 25.5% year-on-year increase; the net profit attributable to the parent company's shareholders was 14.799 billion yuan, a 33.5% year-on-year increase; with a basic earnings per share of 4.74 yuan; it plans to distribute a mid-year cash dividend of 0.67 yuan per share. The company's life insurance business has shown rapid growth, with continued improvement in business quality, and simultaneous increases in scale and value. In the first half of the year, the original insurance premium income reached 121.262 billion yuan, a 22.7% year-on-year increase; the new business value in the first half of the year was 6.182 billion yuan, a 58.4% year-on-year increase; the company's full-channel marketing agent scale remained relatively stable at 145,400 people, compared to the end of 2024. The company has fully leveraged the advantages of insurance funds as "long-term capital, patient capital, and strategic capital", and actively responded to the call for insurance funds to enter the market. Building on the previous acquisitions of many high-quality listed companies, it continues to actively increase allocation to high-quality core assets that can withstand low interest rate challenges, optimizing the internal structure of equity assets and strengthening the foundation for long-term returns. As of June 30, 2025, the company's total investment amounted to 1.712522 trillion yuan, with an annualized total investment return rate of 5.9% in the first half of the year, and an annualized comprehensive investment return rate of 6.3%. The company is accelerating its service ecology layout. In addition to continuing to build service brand such as "Xinhua Zun," "Xinhua An," "Xinhua Rui," and "Xinhua Yue," it is continuously improving its service eco-system in ten areas including medical care, health, wealth management, tax law, education, entertainment, and literature to meet the diverse needs of customers. As of now, these services have covered more than 4 million customers, significantly improving service levels. In the first half of 2025, the company processed a total of 2.41 million claims cases, with a total payout of 7.3 billion yuan; with an average daily payout of 13,400 cases and 406.5 million yuan. The individual insurance channels are implementing new marketing concepts and continuing to advance the strategic implementation of the "XIN Generation" plan, actively promoting the professionalization and specialization of the marketing team. In the first half of the year, nearly 20,000 new employees were added, a 182% year-on-year increase, making breakthrough progress in team building. While promoting the stabilization and rebound of the scale of personnel, the per capita productivity increased by 74% year-on-year, driving a significant increase in team income. The company is making comprehensive efforts in source control, monitoring and warning, performance promotion and evaluation, pushing for the improvement of business quality control mechanisms and continuous improvement of retention rate indicators. As of the first half of the year, the 13-month retention rate for individual life insurance business was 96.2%, an increase of 1.2 percentage points year-on-year; the 25-month retention rate was 92.5%, an increase of 6.9 percentage points year-on-year.