Ping An Insurance : ANNOUNCEMENT OF PREMIUM INCOME
September 14, 2018 at 04:58 am EDT
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ANNOUNCEMENT OF PREMIUM INCOME
This 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 Banking and 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, 2018 to August 31, 2018 are set out as follows:
(in RMB ten thousand)
January-August 2018
Subsidiaries
The accumulated gross premium income
Ping An Property & Casualty Insurance Company of
15,895,000
China, Ltd.
Ping An Life Insurance Company of China, Ltd.
32,948,130
Ping An Annuity Insurance Company of China, Ltd.
1,547,084
Ping An Health Insurance Company of China, Ltd.
251,796
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-August 2018
Life Insurance Business
Individual business
33,423,544
New business
11,167,830
Renewal business
22,255,714
Group business
1,323,466
New business
1,321,217
Renewal business
2,249
34,747,010
Total
Notes:
1. 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.
2. 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-August 2018
Ping An Property & Casualty Insurance
Company of China, Ltd.
Automobile insurance
11,414,763
Non-automobile insurance
3,884,152
Accident and health insurance
596,085
Total
15,895,000
Investors are advised to take note that the abovementioned information has not been audited.
By order of the Board
Yao Jun Company Secretary
Shenzhen, PRC, September 14, 2018
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 Soopakij Chearavanont, Yang Xiaoping, Liu Chong and Wang Yongjian; the Independent Non-executive Directors are Yip Dicky Peter, Wong Oscar Sai Hung, Sun Dongdong, Ge Ming and Ouyang Hui.
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Ping An Insurance (Group) Co. of China Ltd. published this content on 14 September 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 14 September 2018 08:57:03 UTC
Ping An Insurance (Group) Company of China, Ltd. is a personal financial services provider. The Company provides insurance, banking, investment, and Internet finance products and services. The Company operates its businesses through four segments. The Insurance segment provides life insurance and property insurance, including term, whole-life, endowment, annuity, automobile and health insurance. The Banking segment is engaged in loan and intermediary businesses with corporate customers and retail business. The Assets management segment is engaged in security, trust and other assets management businesses, including investment, brokerage, trading and asset management services. The Internet Financing segment is engaged in the provision of Internet finance products and services.