Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
ANNOUNCEMENT OF PREMIUM INCOMEThis announcement is made in connection with the unaudited accumulated gross premium income of the subsidiaries of the Company to be released on the website of China Insurance Regulatory Commission.
Pursuant to the "No. 2 Interpretation of Accounting Standards for Business Enterprises" and the "Regulations regarding the Accounting Treatment of Insurance Contracts" of the Ministry of Finance of the PRC, the accumulated gross premium income of the subsidiaries of the Company for the period from January 1, 2017 to January 31, 2017 are set out as follows:
(in RMB ten thousand) | January 2017 |
Subsidiaries | The accumulated gross premium income |
Ping An Property & Casualty Insurance Company of China, Ltd. | 2,371,673 |
Ping An Life Insurance Company of China, Ltd. | 9,485,343 |
Ping An Annuity Insurance Company of China, Ltd. | 127,818 |
Ping An Health Insurance Company of China, Ltd. | 18,273 |
The details of the accumulated gross premium income of the life insurance business for the abovementioned period are set out as follows:
(in RMB ten thousand) | January 2017 |
Life Insurance Business | |
Individual business | 9,487,722 |
New business | 4,433,720 |
Renewal business | 5,054,002 |
Group business | 143,712 |
New business | 143,613 |
Renewal business | 99 |
Total | 9,631,434 |
Notes:
The Company conducts life insurance business through Ping An Life Insurance Company of China, Ltd., Ping An Annuity Insurance Company of China, Ltd. and Ping An Health Insurance Company of China, Ltd.. The accumulated gross premium income for life insurance business of the Company is the total of these three subsidiaries.
As per the types of policyholders, the Company has categorized the life insurance business into individual business and group business.
The details of the accumulated gross premium income of Ping An Property & Casualty Insurance Company of China, Ltd. for the abovementioned period are set out as follows:
(in RMB ten thousand) | January 2017 |
Ping An Property & Casualty Insurance Company of China, Ltd. | |
Automobile insurance | 1,775,240 |
Non-automobile insurance | 537,257 |
Accident and health insurance | 59,176 |
Total | 2,371,673 |
Investors are advised to take note that the abovementioned information has not been audited.
By order of the Board
Yao JunCompany Secretary
Shenzhen, PRC, February 14, 2017
As at the date of this announcement, the Executive Directors of the Company are Ma Mingzhe, Sun Jianyi, Ren Huichuan, Yao Jason Bo, Lee Yuansiong and Cai Fangfang; the Non-executive Directors are Lin Lijun, Soopakij Chearavanont, Yang Xiaoping, Xiong Peijin and Liu Chong; the Independent Non-executive Directors are Woo Ka Biu Jackson, Stephen Thomas Meldrum, Yip Dicky Peter, Wong Oscar Sai Hung, Sun Dongdong and Ge Ming.
Ping An Insurance (Group) Co. of China Ltd. published this content on 14 February 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 14 February 2017 09:53:11 UTC.
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