...'Most Favourable' Company Profile: Fitch Ratings assesses China Life Insurance Company Limited's business profile as 'Most Favourable' and corporate governance as 'Neutral'. China Life benefits from its dominant market position, well-diversified distribution platform and strong agency force base. It maintains significant competitive advantages in customer reach and earnings generation as the biggest life insurer in China and one of the largest life insurers globally. Fitch believes China Life's extensive distribution network, strong brand recognition and longstanding market presence support a competitive position that is difficult for peers to replicate. Weaker Capital Position: We expect capitalisation to remain a rating weakness, despite a moderation in capital pressure supported by strong earnings. The Fitch Prism Global Model score remained at 'Adequate' at end-1H26, the same level at end-2025. This was despite a narrower capital buffer due to a higher equities allocation and an increased...
