Changjiang Securities: China Life Insurance leads the industry in forecasted increased dividends, combining optimized dividend rhythm with patient capital strength to build value recovery.

The research report of Changjiang Securities pointed out that China Life's interim report is expected to increase, leading the industry, optimizing the dividend rhythm and building value recovery with patient capital strength. The company expressed a strong belief in the prospects of China's economy and capital market development, seeing the value of equity market allocation; adhering to the principle of asset-liability matching, practicing long-term investment, value investment, and prudent investment concepts, leveraging the advantage of patient capital, continuously advancing equity market investments; will continue to increase the layout of high-quality core assets in various fields, actively serve new productive forces and high-quality economic development, support the continuous improvement of the long-term investment value of the capital market. As of the end of Q1 2026, the company's investment assets reached 7.55 trillion yuan, adopting multiple measures on the investment side to flexibly respond to changes in market conditions, fixed income investments seizing long-term interest rate spread opportunities, solidly configuring the basic position; equity investments promoting balanced and diversified strategy layout, dynamically optimizing the holding structure, continuously improving investment quality and efficiency. In addition, the company's sales team has made progress in both quantity and quality, with individual insurance personnel achieving growth compared to the end of the previous year, ranking stably at the forefront of the industry.