New China Life Insurance Company (601336) Q1 2025 earnings summary

Executive summary

• Achieved operating revenue of RMB 33,402 million in Q1 2025, up 26.1% year-over-year.

• Net profit attributable to shareholders reached RMB 5,882 million, a 19.0% increase year-over-year.

• Insurance premium income rose 28.0% to RMB 73,218 million, with strong growth in long-term first-year premiums.

• New business value surged 67.9% year-over-year, driven by rapid growth in first-year regular premiums and improved business quality.

Financial highlights

• Operating revenue: RMB 33,402 million (up 26.1% year-over-year).

• Net profit attributable to shareholders: RMB 5,882 million (up 19.0% year-over-year).

• Basic and diluted EPS: RMB 1.89 (up 19.6% year-over-year).

• Total assets: RMB 1,753,416 million as of March 31, 2025 (up 3.6% from year-end 2024).

• Net cash flow from operating activities: RMB 33,588 million (down 10.8% year-over-year).

Outlook and guidance

• Focus on high-quality development, customer-centric strategy, and strengthening core business.

• Continued emphasis on product innovation, service ecosystem, and channel management to enhance competitiveness.