China Life Says Effective Duration Gap Below 1.3 Years, Legacy Liability Costs Begin to Fall
At its 2026 interim results briefing on August 28, China Life President Li Mingguang said the company's effective duration gap has narrowed to less than 1.3 years, while the rigid cost of legacy liabilities has begun to decline. The insurer has upgraded asset-liability management to a new stage, emphasizing long-term, cross-cycle value creation.
At the China Life 2026 interim results briefing held on August 28, President Li Mingguang outlined the latest progress in the company's asset-liability management. The company adheres to a long-term approach, maintaining integrated management of assets and liabilities, and continues to build long-cycle and cross-cycle value creation and service capabilities. China Life has comprehensively elevated the coordinating role of asset-liability management within its overall operations, bringing this function into a new phase. The effective duration gap has now narrowed to less than 1.3 years, and the rigid cost of existing liabilities has begun to decline.