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

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OVERVIEW

INSURANCE

FINANCIALS &

EMBEDDED

BUSINESS

INVESTMENT

VALUE

OVERVIEW

LI Quan

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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).

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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.