At the 2026 Shanghai-listed companies collective investor reception and interim results briefing held on September 16, China Pacific Insurance (Group) Co., Ltd. investor relations management team member Chen Rong addressed investor inquiries, stating that the company is actively exploring a new model for diversified asset-liability matching management. This model is anchored on a "net investment yield premium" approach and deeply integrated into a product-centric, full-life-cycle asset-liability management framework, fostering high-quality coordination between the asset and liability sides.

Chen Rong noted that, based on data from the company's life insurance segment, the yield on newly added fixed-income assets effectively covers the guaranteed cost rate of new business liabilities, while the three-year average net investment yield covers the guaranteed cost rate of liabilities, and the three-year average comprehensive investment yield covers the funding cost rate of liabilities. This ensures a reasonable margin of safety in asset-liability matching.

The company adheres to its investment philosophy of "value investing, long-term investing, prudent investing, and responsible investing," strictly follows asset-liability management requirements, and has refined its strategic asset allocation framework to navigate economic cycles. It continues to deepen its precision barbell-style asset allocation strategy, consistently enhancing the long-term stability of its investment portfolio. On one hand, China Pacific Insurance (Group) Co., Ltd. continues to advance allocations in long-duration interest rate bonds to extend the duration of fixed-income assets. On the other hand, it is steadily increasing allocations to public-market equity assets and strengthening exposure to alternative investments such as unlisted equities to boost long-term investment returns. Additionally, the company is actively expanding into diversified instruments including public REITs and innovative ABS products to diversify income sources and optimize its investment asset structure.