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

China Pacific Insurance CoAnnouncement

Tue 11:30

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250715:nRSO1404Ra&default-theme=true

RNS Number : 1404R  China Pacific Insurance Grp Co. Ltd  15 July 2025

15 July 2025

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 2025 and 30 June 2025, the
accumulated primary premium income of China Pacific Life Insurance Co., Ltd.,
a subsidiary of the Company, amounted to RMB168.009 billion, representing a
year-on-year increase of 9.7% and the accumulated primary premium income of
China Pacific Property Insurance Co., Ltd., a subsidiary of the Company,
amounted to RMB113.999 billion, representing a year-on-year increase of 0.9%.
The details are set out below:

 

Unit: RMB million

 CPIC Life                           January to June 2025  Year-on-year change
 Accumulated primary premium income  168,009               9.7%
 Agency channel                      118,825               -2.5%
 New policies                        15,785                -20.0%
 Regular premium business            14,082                -22.6%
 Renewed policies                    103,040               0.9%
 Bancassurance channel               37,053                74.6%
 New policies                        25,287                90.2%
 Renewed policies                    11,766                48.3%
 Group channel                       10,785                8.6%
 New policies                        9,305                 6.3%
 Renewed policies                    1,480                 26.3%
 Other channels                      1,346                 640.2%

 

Unit: RMB million

 CPIC P/C                            January to June 2025  Year-on-year change
 Accumulated primary premium income  113,999               0.9%
 Automobile insurance                53,607                2.8%
 Non-automobile insurance            60,392                -0.8%

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

 

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

 

 

Notes:

 

1. The primary premium income was 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 premium income of China Pacific Property Insurance
Co., Ltd. is 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.

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://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 (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCEAEXSFAFSEFA