Ping An Insurance of China : Announcement of Premium Income
June 11, 2021 at 06:12 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, 2021 to May 31, 2021 are set out as follows:
(in RMB ten thousand)
January-May 2021
Subsidiaries
The accumulated gross premium income
Ping An Property & Casualty Insurance Company of
10,912,612
China, Ltd.
Ping An Life Insurance Company of China, Ltd.
23,596,135
Ping An Annuity Insurance Company of China, Ltd.
1,091,368
Ping An Health Insurance Company of China, Ltd.
508,124
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-May 2021
Life Insurance and Health Insurance Business
Individual business
24,181,898
New business
6,564,973
Renewal business
17,616,925
Group business
1,013,729
New business
1,006,569
Renewal business
7,160
Total
25,195,627
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-May 2021
Ping An Property & Casualty Insurance
Company of China, Ltd.
Automobile insurance
7,367,582
Non-automobile insurance
2,680,559
Accident and health insurance
864,471
Total
10,912,612
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, the PRC, June 11, 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 of the Company are Soopakij Chearavanont, Yang Xiaoping and Wang Yongjian; the independent non-executive directors of the Company 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 11 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 June 2021 10:11:00 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.
PING AN INSURANCE GROUP COMPANY 
