Ping An Insurance : ANNOUNCEMENT OF PREMIUM INCOME
September 16, 2019 at 05:37 am EDT
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ANNOUNCEMENT OF PREMIUM INCOME
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 incomes of the subsidiaries of the Company for the period from January 1, 2019 to August 31, 2019 are set out as follows:
(in RMB ten thousand)
January-August 2019
Subsidiaries
The accumulated gross premium income
Ping An Property & Casualty Insurance Company of
17,307,044
China, Ltd.
Ping An Life Insurance Company of China, Ltd.
35,979,883
Ping An Annuity Insurance Company of China, Ltd.
1,719,057
Ping An Health Insurance Company of China, Ltd.
413,967
The details of the accumulated gross health insurance business for the follows:
premium income of the life insurance and abovementioned period are set out as
(in RMB ten thousand)
January-August 2019
Life Insurance and Health Insurance Business
Individual business
36,614,204
New business
10,357,865
Renewal business
26,256,339
Group business
1,498,703
New business
1,493,147
Renewal business
5,556
Total
38,112,907
Notes:
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 sum of the gross premium income of each of these three subsidiaries.
The Company has categorized the policyholders of 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-August 2019
Ping An Property & Casualty Insurance
Company of China, Ltd.
Automobile insurance
12,191,867
Non-automobile insurance
4,290,913
Accident and health insurance
824,264
Total
17,307,044
Investors are advised to take note that the abovementioned information has not been audited.
By order of the Board
Sheng Ruisheng
Joint Company Secretary
Shenzhen, PRC, September 16, 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 Ge Ming, Ouyang Hui, Ng Sing Yip, Chu Yiyun and Liu Hong.
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Ping An Insurance (Group) Co. of China Ltd. published this content on 16 September 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 September 2019 09:36:03 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.