BOC Life new policy premiums rise 34% to $1.91b in H1 2025

The insurer’s renminbi insurance business recorded a market share exceeding 50%.

BOC Group Life Assurance Company Limited (BOC Life) saw its first half 2025 new policy premiums climb 34% year-on-year (YoY), reaching $1.91b (HK$14.83b).

The insurer’s renminbi (RMB) insurance business recorded a market share exceeding 50%, a position it has held for more than a decade. 

Its digital channel also delivered strong results, with new premiums more than doubling year-on-year—outpacing its full-year growth in 2024.

The tied agency channel remained a key growth driver, posting the highest per-capita productivity in the market for the first half of 2025.

Chief Executive Wilson Tang said BOC Life achieved “historical record highs” in the first half and would continue to build on its “Bank + Insurance” and “Insurance + Healthcare” strategy. 

The company plans to launch a cross-border “Financial + Non-Financial” retirement initiative in the fourth quarter to expand its silver economy ecosystem and strengthen its presence in the Greater Bay Area.

($1.00 = HK$7.77)