Taiping Life's Wang Xuze: In 2026, the focus will be on dividend insurance, extending policy terms, and reducing the impact of interest rate fluctuations on profits.

Beijing Business News (Reporter Li Xiumei) reported that on March 26, China Taiping held its 2025 full-year performance release conference. During the event, Wang Xuze, General Manager of Taiping Life, introduced that in August 2024, Taiping Life took the lead in the industry to initiate the transformation of participating whole life insurance. By 2025, the company’s premium income from all channels of participating life insurance accounted for nearly 90% of the long-term insurance premiums, ranking among the top in listed insurance companies.

Wang Xuze stated that Taiping Life achieved a new business value of 8.661 billion yuan in 2025, a year-on-year increase of 2.7%. Insurance service income and insurance service performance grew by 3.2% and 5.9%, respectively. The contractual service margin reached 1.9167 trillion yuan, an increase of 2%. The renewal rates for individual and bancassurance continued to lead the industry.

Wang Xuze expressed confidence that in 2026, the company will maintain strategic focus, promote the “three transformations”—product diversification, term structure diversification, and refined interest rate risk management—while strictly adhering to risk bottom lines. The goal is to achieve an organic unity of stable profits, channel stability, and capital creation. Simply put, the company will focus on participating life insurance as the main product line, while expanding into health, pension, and annuity products, lengthening policy terms, and reducing the impact of interest rate fluctuations on profits. Since the start of 2026, the effects of the “three transformations” have become evident, with an increased proportion of annuity business, a steady rise in new five-year and longer-term policies, and further enhancement of value creation capabilities.