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

China Pacific Insurance CoAnnouncement

15/04/2024 10:15

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RNS Number : 6241K  China Pacific Insurance Grp Co. Ltd  15 April 2024

15 April 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 31 March 2024, the
accumulated primary insurance premiums of China Pacific Life Insurance Co.,
Ltd., a subsidiary of the Company, amounted to RMB91.686 billion, representing
a year-on-year decrease of 5.4% and the accumulated primary insurance premiums
of China Pacific Property Insurance Co., Ltd., a subsidiary of the Company,
amounted to RMB62.491 billion, representing a year-on-year increase of 8.6%.

 

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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