New China Life Insurance : NCI 2021 Interim Results Announcement
August 26, 2021 at 06:21 am EDT
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NEW CHINA LIFE
2021 Interim Results Announcement
27 August 2021
Beijing, China
Disclaimer
These materials are for information purposes only and do not constitute or form part of an offer or invitation to sell or issue or the solicitation of an offer or invitation to buy or subscribe for securities of New China Life Insurance Company Ltd. (the "Company") or any of its holding company or affiliates in any jurisdiction. No part of these materials shall form the basis of or be relied upon in connection with any contract or commitment whatsoever.
The information or opinions contained in these materials have not been independently verified. No representation or warranty, whether expressed or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of such information or opinions contained herein. The information and opinions contained in these materials are provided as of the date of the presentation, are subject to change without notice and will not be updated or otherwise revised to reflect any developments, which may occur after the date of the presentation. The Company, any of its affiliates, directors, supervisors, senior managers, officers, employees, advisers and any of their respective representatives shall not have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from or in reliance upon any information contained or presented in or derived from these materials or otherwise arising in connection with these materials.
These materials contain statements that reflect the Company's current beliefs and expectations about the future as of the respective dates indicated herein. These forward-looking statements are based on a number of assumptions about the Company's operations and businesses and on factors beyond the Company's control, and are subject to significant risks and uncertainties, and, accordingly, the actual results may differ materially from these forward-looking statements. You should not place undue reliance on any of such forward-looking information. The Company assumes no obligation whatsoever to update or otherwise revise these forward-looking statements for new information, events or circumstances that emerge subsequent to such dates.
This document is for specific use only; the "Disclaimer" is an integral part of this document. 1
CONTENTS
OVERVIEW & INSURANCE BUSINESS
FINANCIALS &
INVESTMENT
EMBEDDED VALUE
LI Quan
CEO & President
YANG Zheng
Vice President & CFO
GONG Xingfeng
Vice President, Chief Actuary & Board Secretary
This document is for specific use only; the "Disclaimer" is an integral part of this document. 2
OVERVIEW
INSURANCE
FINANCIALS &
EMBEDDED
BUSINESS
INVESTMENT
VALUE
OVERVIEW
LI Quan
This document is for specific use only; the "Disclaimer" is an integral part of this document. 3
OVERVIEW Business Performance
Unit: RMB in millions
GWP rose
Business quality stabilized
Embedded value increased
gross written
100,610
25-month
85.8%
embedded
250,766
premiums
persistency
value
+3.9%
ratio
+1.2pt
+4.2%
Total assets increased
Net profit grew
Investment yield improved
total assets
net profit
annualized total
6.5%
1,022,175
attributable to 10,546
investment yield
+1.8%
shareholders
+28.3%
+1.4pt
Note: In this material, pt shall have the meaning of percentage point(s).
This document is for specific use only; the "Disclaimer" is an integral part of this document. 4
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New China Life Insurance Co. Ltd. published this content on 26 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 August 2021 10:20:05 UTC.
New China Life Insurance Company Ltd. is a China-based provider of life insurance services and products. The Company's main businesses consist of personal life insurance, group life insurance and wealth management business. The Company's personal life insurance products include traditional life insurance, participating life insurance, universal life insurance, investment-linked insurance, health insurance and casualty insurance. Its group insurance products include group life insurance, health insurance and casualty insurance. Through its subsidiaries, the Company is also engaged in insurance agent business. The Company distributes its insurance products primarily through insurance salesmen and banks.