Zhao Peng, President of PICC Group: The daily average claims paid will reach 1.3 billion RMB by 2025, ranking first in the industry in terms of insurance liability amount.

At the 2025 performance release conference of China Life Insurance, Zhao Peng, the President of China Life Insurance Group, stated that the functional role of China Life Insurance will be fully utilized in 2025. The total insurance liability amount for the year was 36.48 trillion yuan, ranking first in the industry with a 14.9% growth. Insurance coverage spanned all 20 sectors of the national economy. Claims expenditures totaled 472.9 billion yuan, averaging 1.3 billion daily and ranking first in the industry. The number of claims exceeded 2 billion, averaging 550,000 daily. Emergency responses for level one, two, and three claims were initiated over 100 times, efficiently responding to major disasters such as the Tibet Dingri earthquake and the Sichuan junlian landslide, and increasing the coverage of risk reduction services to over 90 million customers.