THE PEOPLE'S INSURANCE COMPANY (GROUP) OF CHINA LIMITED Interim Results
Announcement
PICC Group 601319.SH | PICC Group 1339.HK | PICC P&C 2328.HK |
Disclaimer
This presentation has been prepared by the Peoples Insurance Company (Group) of China Limited (the Company). No representation or warranty, expressed or implied, is given as to the fairness, accuracy, completeness or correctness of any information contained herein and they should not be relied upon as such. The Company shall have no liability whatsoever (in negligence or otherwise) for any loss howsoever arising from this presentation or its contents or otherwise arising in connection with this presentation. The information contained herein may be updated, rened, revised, veried or modied, and may be subject to material changes.
This presentation is based on economic, regulatory, market and other conditions as they exist on the date hereof. You should understand that future developments may potentially aect the information contained in this presentation and that the Company shall have no obligation to update, revise or rearm the information set forth in this presentation.
The information contained herein includes certain forward-looking statements or statements which are potentially of a forward-looking nature. Such statements typically contain the words will, expects, anticipates, and similar expressions. Forward-looking statements are related to future events and are subject to future happenings, and hence involving risks and uncertainties. Given these uncertainties, such forward-looking statements should not be relied upon. The Company shall have no liability to update forward- looking statements or revise the forward-looking statements to reect future events or developments.
This presentation and the information contained herein are for your reference only and may not be copied or distributed to any other parties, in whole or in part.
Note: The Group's A-share report is prepared in accordance with Chinese Accounting Standards ("CAS"), and the H-share results announcement is prepared in accordance with International Financial Reporting Standards ("IFRS"). The GAAP differences are stated in the attached schedule. The figures presented in this report are data under IFRS.
2
01
Results
Overview
3
Results Overview
Gross Written Premiums | Net Prot Attributable to Equity |
(GWPs) | Holders of the Company |
+ 11.2% | + 5.9% |
P&C Insurance | Life & Health |
Combined Ratio | Embedded Value |
-1.2ppts | + 2.0% |
Net Assets Attributable to Equity
Holders of the Company
+ 1.1%
Annualized Total
Investment Yield
Outperformed the Industry
4
Following High-quality Development Strategy
Reducing high-risk business
Enhancing value margin of low-value business
Conducting protection type and service-oriented business
+11.0% +5.9%
379.1817.85
Group GWPs Group NPAT
Unit: RMB bn
5
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
PICC - The People's Insurance Company (Group) of China Ltd. published this content on 28 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 August 2022 08:20:01 UTC.
