The number of effective commercial pension accounts exceeds 2.24 million, with a total stock size of over 160 billion yuan.

Recently, the four participating pension insurance companies have all disclosed their annual reports for the commercial pension business in 2025. The data shows that this innovative business continues to develop steadily in the third year of the pilot program. By the end of 2025, China Life Pension, National Pension, Taiping Pension, and PICC Pension have a total of over 2.24 million effective accounts for commercial pension, a year-on-year growth of 48%, with each company achieving an increase in account openings. In terms of scale, the total stock of commercial pension in these four pilot pension insurance companies exceeds 160 billion yuan, with a year-on-year increase of about 50%. Among them, China Life Pension has the largest stock and number of effective accounts in the market. By the end of 2025, China Life Pension's effective accounts for commercial pension business reached 960,000, an increase of 26% compared to the previous year. The company has issued a total of 10 commercial pension products, with a total stock of 76 billion yuan, a year-on-year growth of 55%. There are 8 mixed products, 1 fixed income product, and 1 liquidity management product, with sizes of 66 billion yuan, 9.9 billion yuan, and 1 billion yuan respectively.