AIA Group Limited has completed a capital increase in China Post Life Insurance Co., Ltd., supporting the latter's growth in the Mainland Chinese life insurance market.

Target Information

AIA Group Limited has recently completed a capital infusion into China Post Life Insurance Co., Ltd., enhancing its position within the rapidly evolving Mainland Chinese life insurance market. AIA, as the lead investor, aims to leverage China Post Life's competitive business model to support its ambition for sustainable profitability. The capital investment has been duly approved by the National Financial Regulatory Administration in Beijing, signifying compliance with regulatory frameworks.

Since AIA's initial investment, China Post Life has undergone significant business transformation, benefiting from AIA's guidance and technical expertise. This strategic transition has prioritized longer-term savings and protection products, resulting in remarkable growth. In 2024, China Post Life reported a value of new business of RMB9.9 billion, illustrating a 5.3-fold increase compared to the figures reported in 2020, the year preceding AIA's involvement.

Industry Overview

The life insurance industry in China is experiencing robust growth, driven by increasing consumer awareness and a rising demand for financial protection products. As the second-largest life insurance market globally, Mainland C