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2026 Interim Results Announcement PICC Group 1339.HKPICC Group 601319.SH PICC P&C 2328.HK
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Disclaimer This presentation has been prepared by the People’s Insurance Company (Group) of China Limited (the “Company”). No representation or warranty, expressed or implied, is given as to the fairness, accuracy, completeness or correctness of any information contained herein and they should not be relied upon as such. The Company shall have no liability whatsoever (in negligence or otherwise) for any loss howsoever arising from this presentation or its contents or otherwise arising in connection with this presentation. The information contained herein may be updated, refined, revised, verified or modified, and may be subject to material changes. This presentation is based on economic, regulatory, market and other conditions as they exist on the date hereof. You should understand that future developments may potentially affect the information contained in this presentation and that the Company shall have no obligation to update, revise or reaffirm the information set forth in this presentation. The information contained herein includes certain forward-looking statements or statements which are potentially of a forward-looking nature. Such statements typically contain the words “will”, “expects”, “anticipates”, and similar expressions. Forward-looking statements are related to future events and are subject to future happenings, and hence involving risks and uncertainties. Given these uncertainties, such forward-looking statements should not be relied upon. The Company shall have no liability to update forward-looking statements or revise the forward-looking statements to reflect future events or developments. This presentation and the information contained herein are for your reference only and may not be copied or distributed to any other parties, in whole or in part. Note 1: The Group’s A-share report is prepared in accordance with International Financial Reporting Standards (“IFRS”), and the H-share results announcement is prepared in accordance with International Financial Reporting Standards (“IFRS”). The GAAP differences are stated in the attached schedule. The figures presented in this report are data under IFRS. Note 2: While in transition of accounting standards, for easier comparison, unless otherwise noted, the figures presented in this report including Insurance Revenue, Net Profit, Net Asset. Claim Ratio, Expense Ratio, Combined Ratio, Underwriting Profit, Investment Yield are stated under New Accounting Stan dard. The rest of the figures are stated under Old Accounting Standard. Note 3: Actuarial assumptions of PICC Life and PICC Health were adjusted, Investment Yield of PICC Life was 4.0%, Investment Yield of PICC Health was 3.5%; Risk Discount Rate was 8.5% for traditional insurance, and 7.5% for participating insurance and universal life insurance. Note 4: All point-in-time data such as total assets and net assets are compared with figures at the beginning of the year. Note 5: Due to rounding, growth rates and year-on-year (YoY) figures may differ slightly. Note 6: Unless otherwise specified, all monetary units in this report are in Renminbi (RMB).