AEON LIFE

About AEON LIFE

AEON LIFE INSURANCE COMPANY, LTD., also known as 百年人寿, is a Chinese life insurance company established on June 3, 2009. Headquartered in Dalian, it was the first Chinese-funded life insurance legal entity in Northeast China. The company's business scope includes life insurance, health insurance, accident insurance, and other types of personal insurance, as well as reinsurance and state-approved insurance fund investment operations. Its service network covers numerous major cities through 20 provincial branches and over 370 subsidiary branches.

The company's establishment was initiated by the Dalian Municipal Government in 2004, with approval for筹建 granted in November 2008. Over the years, its shareholder structure has evolved. Notably, Dalian Wanda Group became a shareholder in 2014 and the largest shareholder by the end of 2015, a period during which AEON LIFE turned profitable. However, as of May 2024, following a capital increase and share transfer, Dalian State-owned Financial Capital Management and Operation Co., Ltd. (Dalian Jin-Yun) became the largest shareholder with an 11.51% stake, moving Dalian Wanda Group to the second position with 11.39%. Other significant shareholders include investment firms and real estate developers like Dalian Yifang Real Estate Co., Ltd., and KERRY GROUP LIMITED. The company's legal representative is Wang Xinhao.

AEON LIFE operates through a multi-channel business structure that includes individual insurance, bank insurance, group insurance, and brokerage agencies. It aims to provide full life-cycle insurance services, developing a service ecosystem for both health and wealth. The company has engaged in strategic cooperations with major enterprises like Huawei to advance the digital transformation of its insurance services and integrate them with the health industry. Despite a period of profitability after 2015, the company faced financial challenges, reporting a significant loss in 2022 and negative net assets by the first quarter of 2023. The recent entry of state-owned capital is viewed as a step toward resolving these difficulties.