Ping An Insurance of China : Announcement of Premium Income

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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, 2021 to February 28, 2021 are set out as follows:

(in RMB ten thousand) January-February 2021

Subsidiaries

Ping An Property & Casualty Insurance Company of China, Ltd.

Ping An Life Insurance Company of China, Ltd.

The accumulated gross premium income 4,283,183 13,089,815

Ping An Annuity Insurance Company of China, Ltd. 476,561

Ping An Health Insurance Company of China, Ltd. 245,182

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:

Total

(in RMB ten thousand)	January-February 2021
Life Insurance and Health Insurance Business
Individual business	13,361,206
New business	4,322,269
Renewal business	9,038,937
Group business	450,352
New business	447,880
Renewal business	2,472
13,811,558

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 sum of the gross premium income of each of these three subsidiaries.

2. 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-February 2021
Ping An Property & Casualty Insurance
Company of China, Ltd.
Automobile insurance	2,653,896
Non-automobile insurance	1,308,470
Accident and health insurance	320,817
Total	4,283,183

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, March 12, 2021

As at the date of this announcement, the Executive Directors of the Company are Ma Mingzhe, Xie Yonglin, Tan Sin Yin, Yao Jason Bo and Cai Fangfang; the Non-executive Directors are Soopakij Chearavanont, Yang Xiaoping and Wang Yongjian; the Independent Non-executive Directors are Ge Ming, Ouyang Hui, Ng Sing Yip, Chu Yiyun and Liu Hong.