People Insurance of China : ANNOUNCEMENT IN RELATION TO PREMIUMS INCOME

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(A joint stock company incorporated in the People's Republic of China with limited liability)

(Stock Code: 1339)

ANNOUNCEMENT IN RELATION TO PREMIUMS INCOME

The aggregate premiums income of The People's Insurance Company (Group) of China Limited (the "Company") as derived from our operating subsidiaries PICC Property and Casualty Company Limited ("PICC P&C"), PICC Health Insurance Company Limited ("PICC Health") and PICC Life Insurance Company Limited ("PICC Life") for the period from 1 January 2019 to 30 September 2019 were RMB331,755 million, RMB18,789 million and RMB86,730 million, respectively.

The classification breakdown of the original premiums income of PICC P&C during the above- mentioned period is as follows:

	Unit: in RMB million
Motor vehicle insurance	189,174
Accidental injury and health insurance	50,204
Agricultural insurance	27,217
Liability insurance	21,931
Commercial property insurance	12,136
Credit insurance	18,047
Cargo insurance	3,062
Other P&C insurance	9,984
Total	331,755

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The classification breakdown of the original premiums income of PICC Health during the above- mentioned period is as follows:

		Unit: in RMB million
First-year business of long-term insurance	5,522
	Single premiums	458
	First-year regular premiums	5,064
Renewal business	2,142
Short-term insurance	11,125
Total	18,789

The classification breakdown of the original premiums income of PICC Life during the above-mentioned period is as follows:

		Unit: in RMB million
First-year business of long-term insurance	45,551
	Single premiums	28,201
	First-year regular premiums	17,350
Renewal business	38,468
Short-term insurance	2,711
Total	86,730

The above information is prepared pursuant to the PRC Accounting Standards for Business Enterprises, investors are advised to take note that the information has not been audited and has not been reviewed by the Audit Committee of the Company.

By Order of the Board

The People's Insurance Company (Group) of China Limited

Miao Jianmin

Chairman

Beijing, the PRC, 16 October 2019

As at the date of this announcement, the executive directors of the Company are Mr. Miao Jianmin, Mr. Bai Tao, Mr. Xie Yiqun and Mr. Tang Zhigang, the non-executive directors are Mr. Wang Qingjian, Mr. Xiao Xuefeng, Ms. Hua Rixin, Ms. Cheng Yuqin and Mr. Wang Zhibin, and the independent non- executive directors are Mr. Shiu Sin Por, Mr. Ko Wing Man, Mr. Luk Kin Yu, Peter, Mr. Lin Yixiang and Mr. Chen Wuzhao.

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