Asia is expected to drive 54% of the global rise in business insolvencies in 2026–2027, with the company forecasting APAC cases up 7% this year and 3% next year.
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.