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4-Traders Homepage  >  Equities  >  SHANGHAI STOCK EXCHANGE  >  China Pacific Insurance (Group) Co., Ltd    601601   CNE1000008M8

End-of-day quote. End-of-day quote  - 05/24
26.49 CNY   -1.38%
05/17 CHINA PACIFIC I : Jan-Apr Premium Income Up 22%
05/06 CHINA PACIFIC I : 4 Listed Insurers' Q1 Rate of ROI Down 31%
05/03 CHINA PACIFIC I : Q1 Net Down 55%
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China Pacific Insurance (Group) Co., Ltd : (2014-01-17)ANNOUNCEMENT RELATING TO PREMIUM INCOME

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01/20/2014 | 03:32am CEST

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

CHINA PACIFIC INSURANCE (GROUP) CO., LTD.

(A joint stock company incorporated in the People's Republic of China with limited liability)

(Stock Code: 02601)

ANNOUNCEMENT RELATING TO PREMIUM INCOME

This announcement is made by the Company pursuant to provisions regarding disclosure of inside information under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) and Rule 13.09 and Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited in connection with the unaudited accumulated gross premium income of the Company to be released on the website of China Insurance Regulatory Commission.

This announcement is made by China Pacific Insurance (Group) Co., Ltd. (the "Company") pursuant to provisions regarding disclosure of inside information under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) and Rule 13.09 and Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.
Pursuant to the "Regulations on the Accounting Treatment Relating to Insurance Contracts" issued by the Ministry of Finance (Cai Kuai [2009] No. 15), the accumulated gross premium income of China Pacific Life Insurance Co., Ltd. ("CPIC Life") and China Pacific Property Insurance Co., Ltd. ("CPIC Property"), both of which are the subsidiaries of the Company, for the period between 1 January 2013 and 31 December 2013 were RMB95.101 billion and RMB81.613 billion, respectively. These figures will be published on the China Insurance Regulatory Commission's website (http://www.circ.gov.cn).

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The details of the gross premium income for CPIC Life and CPIC Property for the period between 1
January 2013 and 31 December 2013 are set out below:
Unit: in RMB million

Agency

Direct sales (including telemarketing and internet

CPIC Life

channel

Bancassurance

sales)

Total

New policies

12,976

15,384

5,579

33,939

Renewed policies

44,976

15,273

913

61,162

Total

57,952

30,657

6,492

95,101

CPIC Property Auto Insurance


Unit: in RMB million

Non-auto Insurance Total


63,848 17,765 81,613
The accumulated gross premium income referred to above is unaudited. Investors are advised to take note.
By Order of the Board

China Pacific Insurance (Group) Co., Ltd. Gao Guofu

Chairman

Hong Kong, 18 January 2014

As of the date of this announcement, the executive directors of the Company are Mr. GAO Guofu and Mr. HUO Lianhong; the non-executive directors of the Company are Mr. WANG Chengran, Ms. SUN Xiaoning, Mr. YANG Xianghai, Mr. WU Jumin, Mr. WU Junhao and Mr. ZHENG Anguo; and the independent non-executive directors of the Company are Mr. BAI Wei, Mr. LAM Chi Kuen, Mr. ZHOU Zhonghui and Mr. FOK Kwong Man.

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