Li Cunqiang, Chairman of Citic Prudential Life Insurance, was named to the "2025 Top Ten Outstanding Figures in the Life Insurance Industry" list released by Ruicai Finance. Born in 1964, Li Cunqiang is now 62 years old but remains highly energetic, with his comprehensive capabilities being widely recognized by the market. Under his leadership, Citic Prudential Life returned to profitability in 2025. Data shows that in 2025, Citic Prudential Life achieved insurance revenue of 33.7 billion yuan, a year-on-year increase of 12%, and a net profit of 5 billion yuan, compared to a loss of 1.765 billion yuan in the previous year.

As of the end of 2025, Citic Prudential Life's total assets reached 270.2 billion yuan, an increase of 1.92% from the end of the previous year. Looking back over the recent period, the most noticeable changes at Citic Prudential Life have revolved around its management. One aspect is the adjustment of the executive team. In the fourth quarter of 2025, Chen Weimin stepped down as a company director, and Wu Yanyi assumed the position. Furthermore, effective October 30, 2025, General Manager Chang Ge also took on the role of Chief Compliance Officer, and Assistant General Manager Qiu Wenguang concurrently assumed the position of Chief Risk Officer. Effective December 17, 2025, Ren Geng was appointed as Vice President of Citic Prudential Life. Ren Geng, born in the 1970s, previously held positions including Deputy General Manager of the Beijing Branch, Director of the Bancassurance Department at the head office, and Assistant General Manager of the company. The other aspect is the reduction in compensation for directors, supervisors, and senior executives. In 2022, the total compensation for key management personnel at Citic Prudential Life once exceeded 100 million yuan. However, from 2023 to 2025, these figures were 73.7 million yuan, 47.67 million yuan, and 34.58 million yuan respectively, showing consecutive reductions.

Even after achieving a significant performance turnaround in 2025, the executive team's compensation continued to decline. Overall, Citic Prudential Life still faces considerable pressures. One pressure is the rising policy surrender rate. In the first, second, third, and fourth quarters of 2025, Citic Prudential Life's comprehensive surrender rates were 1.75%, 3.19%, 4.93%, and 6.13% respectively, showing an upward trend.

The report indicates that in the fourth quarter of 2025, the products with the top three highest surrender rates at Citic Prudential Life were the 'Fuli Jinsheng' Group Whole Life Insurance (Universal Type), the 'Jinzhi Rensheng' Investment-Linked Insurance, and the 'Zhiying Rensheng' Investment-Linked Insurance, with annual cumulative surrender rates of 37.6%, 36.8%, and 35% respectively. During the same period, the products with the top three highest surrender amounts were the 'Zhishang Rensheng' Annuity Insurance Plan C (Investment-Linked Type), the 'Jishi Hengli' Whole Life Insurance, and the 'Zhishang Rensheng' Annuity Insurance Plan E (Investment-Linked Type), with annual cumulative surrender scales of 9.095 billion yuan, 958 million yuan, and 1.654 billion yuan respectively. For the 'Zhishang Rensheng' Annuity Insurance Plan C (Investment-Linked Type) and the 'Zhishang Rensheng' Annuity Insurance Plan E (Investment-Linked Type), the surrenders primarily involved clients proactively redeeming funds from the separate accounts of their investment-linked products. The second pressure is related to capital replenishment. The report disclosed that in the fourth quarter of 2025, its comprehensive solvency adequacy ratio was 209.0%, a decrease of 6.3 percentage points from the previous quarter. This was mainly due to the planned redemption of 4 billion yuan in existing capital supplement bonds in the first half of 2026, with the remaining term being less than one year, leading to the recognition of 80% of the liability. In the first quarter of 2026, Citic Prudential Life plans to issue 5 billion yuan in perpetual bonds, which is expected to increase its core and comprehensive solvency adequacy ratios by approximately 25 percentage points. The third pressure stems from compliance management. In the fourth quarter of 2025, two branch companies of Citic Prudential Life received administrative penalties, with a total fine amount of 510,000 yuan. The reasons for the penalties involved inauthentic financial and business data and failure to use approved insurance clauses as required.