China Life’s operating profit jumped 55% to 186.12bn yuan (US$27.31bn) in 2025, while New China Life and Ping An posted gains of 29% and 11%, respectively.
Improved new business margins and rise in new business value underpinned Fitch’s decision to affirm the ratings of Great Eastern Holdings’ core insurance subsidiaries.
India's largest private sector bank has moved to bolster its life arm’s capital position after HDFC Life reported resilient premium growth and softer new business margins in FY2026.