Announcement relating to Premium Income
Source: RNS
12 May 2023
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 2023 and 30 April 2023, the accumulated primary insurance premiums of China Pacific Life Insurance Co., Ltd., a subsidiary of the Company, amounted to RMB108.343 billion, representing a year-on-year decrease of 2.9% and the accumulated primary insurance premiums of China Pacific Property Insurance Co., Ltd., a subsidiary of the Company, amounted to RMB71.543 billion, representing a year-on-year increase of 16.0%.
The accumulated primary insurance premiums referred to above are unaudited. Investors are advised to take note. Announcement is hereby given.
Notes:
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.
2. The accumulated primary insurance premiums of China Pacific Property Insurance Co., Ltd.
are the consolidated data including that of 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
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.
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.
