Investment income has become an "amplifier" of profits for listed insurance companies.

Benefiting from the rise in the capital market, the five largest listed insurance companies in A-shares have submitted an impressive third-quarter report card. According to the latest statistics from reporters, in the first three quarters of 2025, the five largest listed insurance companies in A-shares collectively achieved a net profit attributable to shareholders of approximately 426.039 billion yuan, setting a new high for the same period in history. China Life Insurance and New China Insurance saw their net profits in the third quarter increase by 91.5% and 88.2%, respectively. Behind the impressive performance is the rise in the capital market, which has boosted investment performance. Industry insiders believe that since the implementation of the new accounting standards, insurance companies have been measuring more of their assets at fair value, and the significant rise in the capital market has brought investment gains to insurance companies, which have been recorded in current profits and have affected performance.