Last checked at 18 Jan 2021 09:40
18 January 2021
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 the primary insurance premiums of China Pacific Life Insurance Co., Ltd. and China Pacific Property Insurance Co., Ltd., both of which are the subsidiaries of the Company, for the period between 1 January 2020 and 31 December 2020 amounted to RMB208.460 billion and RMB148.095 billionnote, respectively. The details are set out below:
RMB million
CPIC Life | December 2020 |
Individual customers | 198,501 |
Agency channel | 191,291 |
New policies | 29,035 |
Regular premium business | 21,977 |
Renewed policies | 162,256 |
Other channels | 7,210 |
Group clients | 9,959 |
Accumulated primary insurance premiums | 208,460 |
CPIC P/C | December 2020 |
Automobile insurance | 95,671 |
Non-automobile insurance | 52,424 |
Accumulated primary insurance premiums | 148,095 |
Note: Due to rounding, there may be slight differences between item aggregates and the totals.
The primary insurance premiums referred to above are unaudited. Investors are advised to take note.
Note: Consolidated data of China Pacific Property Insurance Co., Ltd. and 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
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.
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.