Announcement relating to Premium Income

Summary by AI ^BETAClose X

China Pacific Insurance (Group) Co., Ltd. reported that its subsidiary, CPIC Life, generated RMB258.115 billion in primary premium income for the period January to December 2025, marking an 8.1% year-on-year increase, driven significantly by a 42.0% surge in the bancassurance channel. Concurrently, CPIC P/C, another subsidiary, recorded RMB203.561 billion in primary premium income, a modest 0.2% increase year-on-year, with automobile insurance showing a 3.0% rise while non-automobile insurance declined by 3.0%. These unaudited figures provide insight into the company's performance across its life and property and casualty insurance segments.

Disclaimer*

China Pacific Insurance Grp Co. Ltd

19 January 2026

CHINA PACIFIC INSURANCE (GROUP) CO., LTD.

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

Announcement relating to Premium Income

China Pacific Insurance (Group) Co., Ltd. (the "Company" or "CPIC") today announces that, for the period between 1 January 2025 and 31 December 2025, the accumulated primary premium income of China Pacific Life Insurance Co., Ltd. ("CPIC Life"), a subsidiary of the Company, amounted to RMB258.115 billion, representing a year-on-year increase of 8.1% and the accumulated primary premium income of China Pacific Property Insurance Co., Ltd. ("CPIC P/C"), a subsidiary of the Company, amounted to RMB203.561 billion, representing a year-on-year increase of 0.2%. The details are set out below:

Unit: RMB million

CPIC Life	January to December 2025	Year-on-year change
Accumulated primary premium income	258,115	8.1%
Agency channel	182,751	-0.7%
New policies	28,489	-9.9%
Regular premium business	25,171	-12.4%
Renewed policies	154,262	1.2%
Bancassurance channel	56,528	42.0%
New policies	35,279	30.6%
Renewed policies	21,249	66.2%
Group channel	14,303	9.0%
New policies	11,863	4.8%
Renewed policies	2,440	35.8%
Other channels	4,533	154.7%

Unit: RMB million

CPIC P/C	January to December 2025	Year-on-year change
Accumulated primary premium income	203,561	0.2%
Automobile insurance	110,511	3.0%
Non-automobile insurance	93,050	-3.0%

Note: Due to rounding, there may be slight differences between item aggregates and the totals.

The accumulated primary premium income referred to above is unaudited. Investors are advised to take note. Announcement is hereby given.

Notes:

1. The primary premium income was prepared in accordance with the PRC Accounting Standards for Business Enterprises No. 25 - Original Insurance Contracts (Cai Kuai [2006] No.3) and the Regulations regarding the Accounting Treatment of Insurance Contracts (Cai Kuai [2009] No. 15) of the Ministry of Finance of the People's Republic of China.

2. The accumulated primary premium income of China Pacific Property Insurance Co., Ltd. is the consolidated data including that of Pacific Anxin Agricultural Insurance Co., Ltd., its subsidiary.

By Order of the Board of Directors

China Pacific Insurance (Group) Co., Ltd.

FU Fan

Chairman

About CPIC

CPIC is a joint stock company established under the laws of the People's Republic of China with limited liability.

CPIC's registered office is located at 1 South Zhongshan Road, Huangpu District, Shanghai, the People's Republic of China.

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