Listed insurance companies achieved their highest investment returns in recent years in 2025.

As representatives of long-term capital in A-shares, the movements of insurance companies are closely watched by the market. Recently, the annual reports for 2025 of the five largest listed insurance companies on the A-share market have been released. By the end of 2025, China Life, Ping An Insurance, PICC, China Taiping, and New China Insurance had a total investment assets of 20.7 trillion yuan, an increase of 12.8% from the end of 2024; and a total net profit attributable to shareholders of 425.291 billion yuan, a year-on-year increase of 22.4%. Under the policy guidance to increase the proportion of long-term funds entering the market, the equity investment ratio of the five major insurance companies in the secondary market has significantly increased. Some listed insurance companies have specifically stated that equity investment has become the key to improving investment returns last year. From the overall perspective of listed insurance companies, investment returns last year reached the best level in recent years. Among them, New China Insurance and China Life both had a total investment return rate of over 6%, reaching 6.6% and 6.09% respectively, the highest level since 2015; China Taiping and PICC had a total investment return rate of 5.7%, which is at a relatively high level; and Ping An Insurance's comprehensive investment return rate in 2025 was 6.3%, an increase of 0.5 percentage points year-on-year.