Ping An Insurance : ANNOUNCEMENT OF PREMIUM INCOME

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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, 2019 to February 28, 2019 are set out as follows:

(in RMB ten thousand)	January-February 2019
Subsidiaries	The accumulated gross premium income
Ping An Property & Casualty Insurance Company of	4,635,806
China, Ltd.
Ping An Life Insurance Company of China, Ltd.	15,613,831
Ping An Annuity Insurance Company of China, Ltd.	354,446
Ping An Health Insurance Company of China, Ltd.	101,804

The details of the accumulated gross premium income of the life insurance and health insurance business for the abovementioned period are set out as follows:

(in RMB ten thousand)	January-February 2019
Life Insurance and Health Insurance Business
Individual business	15,763,879
New business	4,079,176
Renewal business	11,684,703
Group business	306,202
New business	305,519
Renewal business	683
16,070,081

Total

Notes:

1. The Company conducts life insurance and health 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 and health 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 and health 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-February 2019
Ping An Property & Casualty Insurance
Company of China, Ltd.
Automobile insurance	3,176,420
Non-automobile insurance	1,245,072
Accident and health insurance	214,314
Total	4,635,806

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, March 15, 2019

As at the date of this announcement, the Executive Directors of the Company are Ma Mingzhe, Sun Jianyi, Lee Yuansiong, Ren Huichuan, Yao Jason Bo 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.