19 Feb 2024 09:30
19 February 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
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China Pacific Insurance (Group) Co., Ltd. (the "Company" or "CPIC") today announces that, for the period between 1 January 2024 and 31 January 2024, the accumulated primary insurance premiums of China Pacific Life Insurance Co., Ltd., a subsidiary of the Company, amounted to RMB44.927 billion, representing a year-on-year decrease of 14.7% and the accumulated primary insurance premiums of China Pacific Property Insurance Co., Ltd., a subsidiary of the Company, amounted to RMB25.393 billion, representing a year-on-year increase of 8.9%.
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The accumulated primary insurance premiums referred to above are unaudited. Investors are advised to take note. Announcement is hereby given.
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Notes:
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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.
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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.
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By Order of the Board of Directors
China Pacific Insurance (Group) Co., Ltd.
FU Fan
Chairman
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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.