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Ping An Achieves 35% Accumulated Growth in Gross Premium Income

Hong Kong, Shanghai, 11 August, 2011 - Ping An Insurance (Group) Company of China, Ltd. (hereafter "Ping An" or "the Group", HKEX: 2318; SSE: 601318) announced today that the Group's four subsidiaries recorded an unaudited accumulated gross premium income of RMB 129.48 billion for the period from 1 January 2011 to 31 July 2011, representing a 35% year-on-year growth from RMB 95.82 billion.

 

According to the "No.2 Interpretation of Accounting Standards for Business Enterprises" and the "Regulations regarding the Accounting Treatment of Insurance Contracts" of the Ministry of Finance of the PRC, the gross premium incomes of the Group's subsidiaries, namely Ping An Life Insurance Company of China Limited, Ping An Property & Casualty Insurance Company of China Limited, Ping An Health Insurance Company of China Limited and Ping An Annuity Insurance Company of China, were RMB78,836.59 million, RMB47,302.17 million, RMB 69.33 million and RMB 3,275.42 million, respectively, representing year-on-year growth of 35%, 36%, 84% and 29% for the period from 1 January 2011 to 31 July 2011.

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