China Pacific Insurance Grp Co. Ltd Announcement relating to Premium Income

RNS Number : 2575M

China Pacific Insurance Grp Co. Ltd

14 November 2024

 

14 November 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 October 2024, the accumulated primary premium income of China Pacific Life Insurance Co., Ltd., a subsidiary of the Company, amounted to RMB219.598 billion, representing a year-on-year increase of 2.4% and the accumulated primary premium income of China Pacific Property Insurance Co., Ltd., a subsidiary of the Company, amounted to RMB172.850 billion, representing a year-on-year increase of 7.4%.

 

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.

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