China Life Insurance Posts RMB 89.43 Billion Profit as Premiums Edge Up 1.0%

China Life Insurance reported net profit attributable to shareholders of the parent company of RMB 89.43 billion for the first three quarters of 2026, a year-on-year decrease of 46.7%, Moomoo reported on October 30, 2026. Operating revenue was RMB 367.812 billion, down 31.6%, and earnings per share were RMB 3.16.

Inside China Life's Nine-Month Results

China Life Insurance is a state-owned Chinese financial conglomerate founded in 1949 that provides life, health and property insurance, pension and asset management, and banking services through Guangfa Bank. The company reported total premium income of RMB 676.144 billion for the nine months, up 1.0% year over year.

First-year regular premium income reached RMB 116.751 billion, a year-on-year increase of 6.2%, and the company said the scale of first-year regular premiums for ten-year and longer-term policies, and their share of total first-year regular premiums, continued to lead the industry. Renewal premium income totaled RMB 459.476 billion, up 1.7%.

New-business premium shares stood at 22.74% for life insurance, 41.30% for annuity insurance and 32.20% for health insurance. The company said it achieved a dual decline in both the guaranteed cost of new business liabilities and the guaranteed cost of existing liabilities. New business value rose 13.1% from the same period last year, and the policy lapse rate was 0.66%, down 0.08 percentage points year over year.

China Life's Investment and Funding Record

According to akta.pro company records, China Life acted as a cornerstone strategic investor in China Resources New Energy's Shenzhen IPO in June 2026, committing to purchase approximately 1.05 billion shares in a deal raising up to 24.5 billion yuan ($3.6 billion). The same records show a September 2026 post-IPO debt round of $5.2 billion led by China Ministry of Finance.

Pension Stake Sale and Interim Dividend

On October 21, 2026, China Life announced it will sell its 33.73% stake in the pension insurance company to its controlling shareholder, the Group Company, by December 31, 2026, for approximately RMB 4.1464 billion, Moomoo reported. On September 24, 2026, the company approved an ordinary interim dividend of RMB 0.358 per share for the six months ended June 30, 2026, payable on November 18, 2026, MarketScreener reported.

China Life's Dividend Payment Date

The interim dividend of RMB 0.358 per share is scheduled for payment on November 18, 2026, and the pension insurance stake sale is slated for completion by December 31, 2026.