Over 80% profits of non-listed life insurance companies saw a sharp increase in profits by 2025.

According to incomplete statistics from reporters, as of March 15, a total of 57 non-listed life insurance companies have disclosed their solvency reports for the fourth quarter of 2025, with the total annual net profit increasing by over 160% year-on-year, and the proportion of profitable insurance companies exceeding 80%. In the view of industry insiders, the high growth of non-listed life insurance companies in 2025 is mainly influenced by two factors: on one hand, the relatively stable market interest rates have significantly reduced the impact of reserve fund provisions on profit erosion for insurance companies; on the other hand, some residents have shifted their deposits to purchase insurance products, combined with good returns on equity market investments, resulting in concurrent improvements in the asset-liability positions of insurance companies.