New China Life Insurance's investment income will exceed 100 billion yuan in 2025, with a total investment return rate of 6.6%

(Source: Economic Daily)

Transferred from: Economic Daily

Against the backdrop of a recovering capital market, the investment capability of insurance funds has further manifested. On March 27, Xinhua Life Insurance Co., Ltd. released its annual performance report for 2025, showing that the company’s annual investment income exceeded 100 billion yuan for the first time, with a total investment return rate of 6.6%, setting a new high in recent years, and investment performance reaching the best level in nearly a decade.

The annual report data indicates that in 2025, Xinhua Insurance achieved total premium income of nearly 195.9 billion yuan, a year-on-year increase of 14.9%; the net profit attributable to shareholders of the parent company was approximately 36.3 billion yuan, a year-on-year increase of 38.3%; and the annual investment income was approximately 104.3 billion yuan, a year-on-year increase of 30.9%. As of the end of 2025, the company’s investment asset scale exceeded 1.8 trillion yuan, a year-on-year increase of 13%.

From the perspective of investment structure, Xinhua Insurance adheres to a foundation of stability and a long-term investment orientation, optimizing the configuration structure through asset-liability linkage. In 2025, the company’s proportion of time deposits, bonds, and debt-type assets reached 65.6%, providing a stable source of income for the investment portfolio; at the same time, it moderately increased the allocation of equity assets, focusing on high-dividend, cash-flow-stable quality targets to enhance yield elasticity.

At the policy level, with the introduction of the “Implementation Plan for Promoting Medium- and Long-Term Funds to Enter the Market,” the pace of insurance capital entering the market has accelerated. Xinhua Insurance actively participates in the pilot program for medium- and long-term funds entering the market, jointly establishing the Honghu Fund Phase III, with a total investment of 46.25 billion yuan, focusing on high-quality listed companies, reflecting the long-term attributes of insurance funds as “patient capital.”

At the same time, Xinhua Insurance has increased its investment efforts in key areas of national strategy. The annual report shows that as of the end of 2025, Xinhua Insurance’s investment balance in the five major areas of technology finance, green finance, inclusive finance, pension finance, and digital finance exceeded 360 billion yuan, a year-on-year increase of over 20%. Among them, the investment balance in the science and innovation field reached 140 billion yuan, and the balance of green investments reached 75.1 billion yuan, while the investment balance in inclusive finance exceeded 55.6 billion yuan.

In terms of serving the real economy, Xinhua Insurance relies on the advantages of “insurance + investment + service” to provide customized services for technology unicorn companies, offering over 12 trillion yuan of risk protection for more than 14,000 technology-related companies. In response to the national call for “early investment, small investment, long-term investment, and hard technology investment,” Xinhua Insurance also actively participates in investing in national venture capital guidance funds, the Zhongke Chuangxing Fund, and others, laying out the first batch of science and innovation bond ETFs and AI chip companies.

In addition, facing the trend of an aging population, Xinhua Insurance accelerates the construction of a health and wellness ecological service system, creating an integrated health and wellness ecosystem of “institutional elderly care + home elderly care + travel elderly care,” thereby writing a major chapter in pension finance. By the end of 2025, the investment balance related to the health and elderly care industry was 26.8 billion yuan; the layout of health and wellness communities has covered key cities in the southeast, southwest, northeast, and central regions of the country, with 53 quality health and wellness communities in 37 cities and 70 quality travel projects in 57 cities, allowing the elderly to enjoy a happy old age.

As the wave of digitalization sweeps in, Xinhua Insurance increases its investment in fields such as artificial intelligence and big data, completing the national first batch of public REITs investments in data centers. By the end of 2025, its investment balance in the development of digital industry chain enterprises related to artificial intelligence, cloud computing, and the digital economy exceeded 68 billion yuan. On the other hand, Xinhua Insurance actively builds a smart customer service cluster, with 96% of business completion achieved within one minute, and the total annual investment in digital transformation was 1.09 billion yuan.

A relevant person in charge of Xinhua Insurance stated that looking ahead to 2026, as the starting year of the “14th Five-Year Plan,” Xinhua Insurance will adhere to long-term investment and value investment, deepen the collaborative development model of “insurance + service + investment,” accurately find its position and leverage its advantages in serving the financial “five major areas,” and inject more financial vitality into the real economy. (Economic Daily reporter Wu Yadong)

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