Last checked at 9 Jul 2020 10:55
9 July 2020
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") announces that the accumulated gross premium income of China Pacific Life Insurance Co., Ltd. ("CPIC Life") and China Pacific Property Insurance Co., Ltd. ("CPIC P/C"), both of which are the subsidiaries of the Company, for the period between 1 January 2020 and 30 June 2020 were RMB138.347 billion and RMB76.928 billion (being the consolidated data of CPIC P/C and Anxin Agricultural Insurance Co., Ltd., its subsidiary, similarly hereinafter), respectively. The details are set out below:
Unit: in RMB million
CPIC Life | January to June 2020 |
Individual customers | 130,469 |
Agency channel | 126,389 |
New policies | 19,065 |
Regular premium business | 14,741 |
Renewed policies | 107,324 |
Other channels | 4,080 |
Group clients | 7,878 |
Accumulated gross premium income | 138,347 |
CPIC P/C |
| January to June 2020 |
Automobile insurance |
| 47,961 |
Non-automobile insurance |
| 28,967 |
Accumulated gross premium income |
| 76,928 |
Note: Due to rounding, there may be slight differences between item aggregates and the totals.
The accumulated gross premium income referred to above is unaudited. Investors are advised to take note.
By Order of the Board of Directors
China Pacific Insurance (Group) Co., Ltd.
KONG Qingwei
Chairman
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.
About China Pacific Insurance (Group) Co., Ltd. ("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.