Chinese listed insurance companies’ move to put more money into stocks in 2025 paid off with strong profits, but that bold bet is beginning to look like more of a gamble as the market turns volatile.
Eight major listed insurers — including Ping An Insurance (Group) Co. of China Ltd. (601318.SH), China Life Insurance Co. Ltd. (601628.SH) and New China Life Insurance Co. Ltd. (601336.SH) — reported their combined net profits jumped 26.6% to 457.5 billion yuan ($64 billion) last year, driven by investment returns supercharged by a stock market rally.



















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