Good news!China Life Insurance Company won the “Best Listed Insurance Company of the Year” award

　　Recently, the 2023 China Financial Institutions Gold Medal List press conference hosted by the Financial Times was held in Beijing. The “2023 China Financial Institutions Gold Medal List·Golden Dragon List” list was released simultaneously, and China Life Insurance Co., Ltd. (hereinafter referred to as “China Life Insurance Company”) won the “Best Listed Insurance Company of the Year” award.

In recent years, China Life Insurance Company has always focused on the corporate mission of “serving the overall development of the country and protecting the people’s better life”, adhering to the origin of insurance, insisting on making progress while maintaining stability, serving the real economy, strictly adhering to the bottom line of risk, and taking it as its own responsibility to play the role of “leading goose”. Leading the high-quality development of the industry.

Adhere to the responsibility of insurance for the people and make new contributions to serving the overall situation. China Life Insurance Company actively participates in the construction of the social security network. Critical illness insurance covers nearly 350 million urban and rural residents, reducing the medical burden by more than 25 billion yuan. The ability to serve the real economy continues to improve. As of December 2023, the cumulative investment in the real economy has exceeded 4 trillion yuan, and the strategic investment scale for serving regional development has exceeded 2.7 trillion yuan. Rural revitalization-related insurance business and investment scale have achieved rapid growth. The company actively participates in social welfare through charity donations, organizing community care, volunteer services, etc., and its MSCI ESG rating has been upgraded to BBB, placing it in the leading echelon of the domestic life insurance industry.

By adhering to high-quality development, our operating strength has reached a new level. China Life Insurance Company has always adhered to the theme of high-quality development. In the first three quarters of 2023, the scale and growth rate of premium income, new policy premiums, and first-year regular premiums all hit a record high for the same period in the past three years. The company’s operational development is stable and making progress. In terms of volume, total premiums reached 578.799 billion yuan, and total assets and investment assets exceeded 5.5 trillion. In terms of “efficiency”, new business value continued to grow, with a year-on-year increase of 14.0%, continuing to lead the industry. From the perspective of “quality”, first-year regular premiums were 105.982 billion yuan, a year-on-year increase of 16.0%, of which first-year regular premiums of ten years or more were 44.639 billion yuan, a year-on-year increase of 15.4%; the quality of the team continued to be optimized, and the team’s production capacity increased significantly. ; The core solvency adequacy ratio reached 161.25%, and the comprehensive solvency adequacy ratio reached 232.68%, an increase of 17.66 percentage points and 25.90 percentage points respectively from the end of 2022, continuing to maintain a high level; maintaining the regulatory risk comprehensive rating for 22 consecutive quarters Category A rating.

We attach great importance to consumer protection and effectively protect the legitimate rights and interests of consumers. China Life Insurance Company attaches great importance to consumer protection and integrates the protection of consumer rights into all aspects of the company’s high-quality development. In order to promote the standardization and standardization of consumer protection work, the company continues to improve and improve the consumer protection mechanism, integrates the protection of consumer rights and interests throughout the company’s entire operation process, builds a “1228” consumer protection work idea, and strives to promote consumer protection review, consumer protection information disclosure, Mechanisms such as consumer information protection, internal assessment, and consumer protection audits have achieved a leap from existing to excellent. Vigorously promote the digital construction of consumer protection and build a “four-in-one” digital and intelligent consumer protection platform for consumer protection review, consumer protection evaluation, complaint management, and complaint early warning. Efforts are made to improve service supply and delivery capabilities, and provide high-quality customer services that are “simple, high-quality, and warm”. The service quality index ranks among the top in the industry.

Actively advocate the ESG concept and implement corporate social responsibility in a down-to-earth manner. China Life Insurance Company has always adhered to the social responsibility strategic goal of “building a world-class, responsible life insurance company”, deepened the concept of sustainable development, built a green financial system with China Life characteristics, actively fulfilled various economic, environmental and social responsibilities, and promoted social Contribute to healthy, harmonious and green development. As of December 2023, the company’s green investment stock exceeds 460 billion yuan. The company actively builds a diversified inclusive insurance product system, increases its efforts to serve the real economy, and protects people’s better life. Enrich the supply of inclusive insurance and meet the health protection needs of the people. As of June 30, 2023, it has undertaken more than 200 critical illness insurance projects, covering nearly 350 million people. Adhering to the social responsibility concept of “people-oriented, caring for life, creating value, and serving the society”, we actively participate in social welfare undertakings and strive to give back to the society. In the first half of 2023, the company donated 20.4 million yuan through the China Life Charity Foundation for special family planning families and poverty-stricken women suffering from “two cancers” to help the development of a harmonious society.

By insisting on playing the leading role, the brand reputation has been newly demonstrated. The company is unswervingly following the path of financial development with Chinese characteristics and has been awarded the A-level operating evaluation of insurance company legal entities by the China Insurance Industry Association for eight consecutive years. In 2023, China Life Insurance (Group) Company, with life insurance companies as its core members, ranked 54th among the Fortune Global 500, and was included in the 2023 “China’s 500 Most Valuable Brands” list released by the World Brand Laboratory , with a brand value of RMB 485.567 billion, ranking first in the insurance industry.

It is understood that the “China Financial Institutions Gold Medal List·Golden Dragon Award” is an annual selection event initiated and hosted by the Financial Times. The selection relies on the credibility and professional wisdom of authoritative financial media, focuses on the value judgments of expert think tanks, and evaluates the major domestic financial institutions. The organization conducts annual selections. Since its launch in 2008, the selection has become one of the most influential and credible national financial selection activities in the current financial industry.

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