ICBC-AXA Assurance Company Limited
🛡️ ICBC-AXA Assurance Company Limited (工银安盛人寿保险有限公司) is a PRC-licensed life insurance company headquartered in Shanghai's Free Trade Zone, offering life, health, and accident insurance as its core scope alongside reinsurance of those lines, and operating under insurance business license number 000031.[1] The entity traces its origins to Jinsheng Life (金盛人寿保险有限公司), established in Shanghai in May 1999, with the current joint-venture structure formed following regulatory approvals in July 2012.[2] ICBC holds a 60% stake, with AXA General Insurance Hong Kong Limited holding 27.5% and Minmetals-related entities holding the remaining 12.5%, meaning the entity is not AXA-controlled on a majority-ownership basis.[3] In its 2025 Q4 solvency disclosure, ICBC-AXA reported insurance business income of RMB 5,086,409 万元, total assets of RMB 36,666,944 万元, net assets of RMB 2,083,128 万元, and net profit of RMB 246,430 万元, with core and comprehensive solvency adequacy ratios of 158% and 223%, respectively.[1] The company maintains 19 provincial-level branches and serves over 20 provinces and municipalities across China.[2]
ICBC-AXA Assurance Company Limited | |
|---|---|
| Corporate identity | |
| Type | Limited liability company (有限公司) |
| Regulated | Yes |
| License type | Life, Health, Reinsurance |
| License number | 000031 |
| Incorporation | 1999 |
| Headquarters | Units 3001 (30F) & Floors 31–34, 36, No. 16 Yincheng Road, China (Shanghai) Pilot Free Trade Zone |
| Country | China |
| Regulator | National Financial Regulatory Administration (PRC) |
| Ultimate parent | Industrial and Commercial Bank of China Co. Ltd (60%) |
| Group status | Joint Venture |
| Business & markets | |
| Operating status | Active |
| Lines of business | Life insurance, health insurance, accident insurance, reinsurance of above lines |
| Geographic markets | Multi-province presence across mainland China (20+ provinces and municipalities) |
| Key financials (2025) | |
| Currency | RMB |
| Revenue | RMB 5,086,409 万元 |
| Net income | RMB 246,430 万元 |
| Total assets | RMB 36,666,944 万元 |
| Equity | RMB 2,083,128 万元 |
| Solvency ratio | 223% (comprehensive); 158% (core) |
References
- ↑ 1.0 1.1 "ICBC-AXA Solvency Report — 2025 Q4" (PDF). ICBC-AXA Assurance. January 2026.
- ↑ 2.0 2.1 "ICBC-AXA Annual Information Disclosure Report" (PDF). ICBC-AXA Assurance. April 2025.
- ↑ "AXA BCR Entities Contact Details" (PDF). AXA. March 2025.