At the 2026 interim results conference held on August 28, China Life President Li Mingguang stated that the company's core performance has maintained an upward trajectory in recent years, attributing this success to years of accumulated strength and the relentless efforts of the entire organization. He summarized the company's approach in one sentence: unwavering commitment to the goal of building a world-class life insurance company with Chinese characteristics, seamlessly integrating corporate development with broader national priorities.
Li emphasized the company's ongoing efforts to strengthen long-cycle, cross-cycle value creation capabilities, service capabilities, and risk control capabilities, highlighting three key areas of focus in his address.
First, China Life remains steadfast in serving economic and social development, staying true to its core business without deviation. The company consistently prioritizes safeguarding people's aspirations for a better life and supporting the real economy as the foundation of all its operations. By addressing insurance needs across life, health, aging, sickness, and disability, it actively contributes to building a multi-tiered social security system, with concentrated efforts in the health, elderly care, and inclusive finance sectors.
Second, the company adheres to a long-term orientation and integrated asset-liability management, continuously refining its cross-cycle and long-cycle value creation and service capabilities to solidify its competitive edge. Third, China Life balances development with security, firmly upholding the bottom line of preventing systemic risks.
Li noted that these initiatives propelled the company to achieve record-breaking results in multiple indicators during the first half of this year. Embedded value continues to lead the industry, new business value for the year has grown rapidly, net profit has surged year-on-year, and first-year regular premiums surpassed the 100 billion yuan mark for the first time in a single half-year period.
Looking ahead, Li affirmed that the company will continue striving toward its vision of becoming a globally leading life insurer characterized by modern governance, prominent functionality, exceptional performance, advanced management, innovation-driven growth, and robust security, ensuring steady and sustainable progress along the path of high-quality development.