Standard new business premiums of BOC Group Life Assurance Company Limited amounted to HK$25.862 billion in 2025, representing a year-on-year surge of approximately 50 percent, according to the company.

Announcing its annual business performance for the year up to Dec 31, BOC Life said on Friday that the surge in new business premiums marked a new historical record high for the company.

“BOC Life has maintained its leading position in Hong Kong’s life insurance market for many consecutive years, with its diversified distribution channels demonstrating strong market competitiveness,” the company said in a press release.

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According to BOC Life, its RMB insurance business has remained the No. 1 market position for over a decade, with a market share exceeding 50 percent, and its direct sales channel business ranked first in the market.

The company’s tied agency channel sustained its top-ranking per-capita productivity in the market as both standard new premiums and the number of tied agents reached record highs, it said.

BOC Life’s broker channel business doubled year-on-year, achieving a new historical high, while its bancassurance channel ranked amongst the top in the market, the press release added.