New accounting standards change. In 2025, life insurance companies will witness the "most profitable year".

Recently, insurance companies have been releasing their solvency reports for the fourth quarter of 2025 intensively. According to statistics from Securities Times reporters, apart from listed companies and risk management institutions, a total of 57 life insurance companies have disclosed their reports, with a combined net profit increasing by over 150% year-on-year, marking it as the "strongest profit year". Among them, the "loss leader" in the industry has significantly reduced its losses compared to previous years. With dual support from the liability side and investment side, coupled with the gradual switch to new accounting standards, multiple factors have driven insurance companies to a profitable year. However, on the flip side, life insurance practitioners are feeling the pressure of operating in a low interest rate environment. In fact, while the net profits of life insurance companies increased significantly last year, a decline in net assets has become a common phenomenon.