New China Life Insurance Company Ltd. (01336) disclosed its unaudited third-quarter 2025 financial results, highlighting a 28.3% year-on-year increase in operating income to RMB137,252 million. Net profit attributable to shareholders reached RMB32,857 million, marking a 58.9% rise. The weighted average return on equity climbed to 33.1%, up 12.1 percentage points compared to the same period in 2024. Total assets stood at RMB1,833,491 million, indicating an 8.3% increase from the end of 2024.

Gross written premiums for the first three quarters totaled RMB172,705 million, up 18.6% year-on-year. First year premiums for long-term insurance business rose 59.8% to RMB54,569 million, while renewal premiums grew 5.9% to RMB114,620 million. The surrender rate declined to 1.2%, and the value of new business expanded by 50.8%. The overall performance benefited from steady progress in key distribution channels, with the bancassurance segment achieving a notable 66.7% jump in first year long-term insurance premiums.

In asset management, the company’s investment assets reached RMB1,770,185 million as of the end of September 2025. The annualized total investment yield stood at 8.6%, while the annualized comprehensive investment yield was 6.7%. The comprehensive solvency margin ratio came in at 234.15%. The company attributed its strong results, in part, to favorable capital market conditions observed through the first three quarters of 2025.