According to Zhitong Finance App, China Life Insurance (601628.SH) released its report for the third quarter of 2026. The company achieved operating income of 367.812 billion yuan in the first three quarters, down 31.6% year on year; net profit attributable to shareholders of listed companies was 89.43 billion yuan, down 46.7% year on year; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 89.546 billion yuan, down 46.7% year on year; and earnings per share were 3.16 yuan.
In the first three quarters of 2026, the company achieved total premiums of 676.144 billion yuan, with a year-on-year increase of 1.0%. Among them, first-year premiums reached 116.751 billion yuan, ranking first in the industry, with a year-on-year increase of 6.2%; the scale of first-year premiums with a ten-year term or more and the share of first-year premiums continued to lead the industry; renewal premiums reached 459.476 billion yuan, an increase of 1.7% year on year. The company continues to deepen product supply and diversified business development strategies. The premiums for new life insurance, annuity insurance, and health insurance policies were 22.74%, 41.30%, and 32.20%, respectively. Manage debt costs scientifically, continuously improve the efficiency of intensive resource utilization, and reduce both new business debt guarantee costs and existing business debt guarantee costs. The value of new business grew rapidly in the first three quarters of 2026, up 13.1% from the same period last year. The withdrawal rate was 0.66%, down 0.08 percentage points from the previous year.