---
title: "China Life Q1 FY26 net profit drops 32.3% to RMB 19.51 billion"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284533061.md"
description: "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."
datetime: "2026-04-29T09:22:23.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284533061.md)
  - [en](https://longbridge.com/en/news/284533061.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284533061.md)
---

# China Life Q1 FY26 net profit drops 32.3% to RMB 19.51 billion

-   China Life posted first-quarter net profit attributable to equity holders of RMB 19.51 billion, down 32.3%. \* Revenue fell 15.3% to RMB 93.29 billion. \* Basic earnings per share dropped 32.3% to RMB 0.69, partly due to a high comparison base and market value swings in some equity investments. \* Gross written premiums edged up 1.1% to RMB 358.48 billion, led by a 29.9% jump in long-term new policy premiums to RMB 85.66 billion. \* Management highlighted a 75.5% surge in first-quarter new business value and said it will keep deepening asset-liability interaction while advancing digital-intelligent transformation. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. China Life Insurance Co. Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260429-12133305), on April 29, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)

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