REG - China Pacific Insur. - Announcement relating to Premium Income

China Pacific Insurance CoAnnouncement

14/03/2024 09:30

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RNS Number : 8725G  China Pacific Insurance Grp Co. Ltd  14 March 2024

14 March 2024

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") today
announces that, for the period between 1 January 2024 and 29 February 2024,
the accumulated primary insurance premiums of China Pacific Life Insurance
Co., Ltd., a subsidiary of the Company, amounted to RMB63.274 billion,
representing a year-on-year decrease of 9.3% and the accumulated primary
insurance premiums of China Pacific Property Insurance Co., Ltd., a subsidiary
of the Company, amounted to RMB38.977 billion, representing a year-on-year
increase of 6.2%.

 

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 Pacific Anxin
Agricultural Insurance Co., Ltd., its subsidiary.

 

 

 

 

By Order of the Board of Directors

China Pacific Insurance (Group) Co., Ltd.

FU Fan

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.

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