TIDMCPIC

RNS Number : 0694G

China Pacific Insurance Grp Co. Ltd

14 July 2023

14 July 2023

CHINA PACIFIC INSURANCE (GROUP) CO., LTD.

(A joint stock company incorporated in the People's Republic of China with limited liability)

Announcement relating to Premium Income

China Pacific Insurance (Group) Co., Ltd. (the "Company" or "CPIC") announces that during the period between 1 January 2023 and 30 June 2023, the accumulated primary insurance premium of China Pacific Life Insurance Co., Ltd. ("CPIC Life"), a subsidiary of the Company, amounted to RMB155.067 billion, representing a year-on-year increase of 4.0% and the accumulated primary insurance premium of China Pacific Property Insurance Co., Ltd. ("CPIC P/C"), a subsidiary of the Company, amounted to RMB104.948 billion, representing a year-on-year increase of 14.3%. The details are set out below:

 
                                                                   Unit: in RMB million 
  CPIC Life                                  January to June 2023   Year-on-year change 
-----------------------------------------  ----------------------  -------------------- 
  Individual customers                                    144,801                  5.1% 
-----------------------------------------  ----------------------  -------------------- 
     Agency channel                                       121,232                  3.0% 
         New policies                                      19,439                 31.9% 
             Regular premium business                      17,832                 38.8% 
         Renewed policies                                 101,793                 -1.1% 
     Other channels                                        23,569                 17.3% 
-----------------------------------------  ----------------------  -------------------- 
  Group clients                                            10,266                 -9.0% 
-----------------------------------------  ----------------------  -------------------- 
  Accumulated primary insurance premiums                  155,067                  4.0% 
-----------------------------------------  ----------------------  -------------------- 
 
   CPIC P/C                                  January to June 2023 
                                                                    Year-on-year change 
-----------------------------------------  ----------------------  -------------------- 
 Automobile insurance                                      50,765                  5.4% 
-----------------------------------------  ----------------------  -------------------- 
 Non-automobile insurance                                  54,183                 24.1% 
-----------------------------------------  ----------------------  -------------------- 
 Accumulated primary insurance premiums                   104,948                 14.3% 
-----------------------------------------  ----------------------  --------------------

Note: Due to rounding, there may be slight differences between item aggregates and the totals.

The accumulated primary insurance premiums referred to above are unaudited. Investors are advised to take note. Announcement is hereby given.

Notes:

1. The primary insurance premiums were prepared in accordance with the PRC Accounting Standards for Business Enterprises No. 25 - Original Insurance Contracts (Cai Kuai [2006] No.3) and the Regulations regarding the Accounting Treatment of Insurance Contracts (Cai Kuai [2009] No. 15) of the Ministry of Finance of the People's Republic of China.

2. The accumulated primary insurance premiums of China Pacific Property Insurance Co., Ltd. are the consolidated data including that of China Pacific Anxin Agricultural Insurance Co., Ltd., its subsidiary.

By Order of the Board of Directors

China Pacific Insurance (Group) Co., Ltd.

KONG Qingwei

Chairman

About CPIC

CPIC is a joint stock company established under the laws of the People's Republic of China with limited liability.

CPIC's registered office is located at 1 South Zhongshan Road, Huangpu District, Shanghai, the People's Republic of China.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCEAPXLFLEDEEA

(END) Dow Jones Newswires

July 14, 2023 04:44 ET (08:44 GMT)

China Pacific (LSE:CPIC)
Gráfica de Acción Histórica
De May 2024 a Jun 2024 Haga Click aquí para más Gráficas China Pacific.
China Pacific (LSE:CPIC)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024 Haga Click aquí para más Gráficas China Pacific.