China Life Q1 FY26 net profit drops 32.3% to RMB 19.51 billion
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China Life's Q1 FY26 net profit fell 32.3% to RMB 19.51 billion, with revenue down 15.3% to RMB 93.29 billion. Basic earnings per share also dropped 32.3% to RMB 0.69. Despite these declines, gross written premiums increased by 1.1% to RMB 358.48 billion, driven by a 29.9% rise in long-term new policy premiums. The company reported a 75.5% increase in new business value and plans to enhance asset-liability interaction and digital transformation.
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