New China Life Says Asset-Liability Measures Bolster Governance, Returns Cover Funding Costs
At its 2026 interim results conference on August 27, 2026, New China Life Insurance President Gong Xingfeng said the new asset-liability management measures will strengthen governance, refine management, and support decision-making. As of June 30, 2026, the company's annualized comprehensive investment returns for the current year, past three years, and past five years all covered its average cost of funds, with declining costs helping to buffer future risks.
New China Life Insurance held its 2026 interim results conference on August 27, 2026. President Gong Xingfeng said at the event that the recently issued Measures for the Administration of Assets and Liabilities of Insurance Companies will help consolidate governance foundations, deepen refined management, and empower scientific decision-making. He also noted that the company has achieved certain progress in asset-liability management in recent years. As of June 30, 2026, the company's annualized comprehensive investment returns for the current year, the past three years, and the past five years have all covered the average cost of funds for its life insurance business. With the lowering of predetermined interest rates, the company's overall cost of funds has also been declining, which helps mitigate future uncertainty risks. In addition, through diversified asset allocation, the company has achieved favorable results in asset-liability matching.