SHANGHAI – China Pacific Insurance coverage (Group) Co., Ltd. (CPIC) at the moment introduced that its subsidiaries skilled a rise in accrued main premium revenue for the interval January 1, 2024 to November 30, 2024. The Life Insurance coverage Division, China Pacific Life insurance coverage (NS:) Co., Ltd., recorded a year-on-year improve of two.2%, reaching RMB 228.842 billion. In the meantime, China Pacific Property Insurance coverage Co., Ltd., together with knowledge from its subsidiary Pacific Anxin Agricultural Insurance coverage Co., Ltd., grew by 7.0%, with amassed income amounting to 187,033 billion RMB.
The corporate pressured that the figures launched have been unaudited and that traders ought to take this into consideration when reviewing the data. The premium revenue calculations adjust to the PRC Accounting Requirements for Enterprise Enterprises No. 25 – Unique Insurance coverage Contracts and the Ministry of Finance’s rules relating to the accounting remedy of insurance coverage contracts.
CPIC, headquartered in Shanghai, operates as a restricted legal responsibility firm below the legal guidelines of the Folks’s Republic of China. The income development announcement is a part of the corporate’s common monetary reporting and is meant to supply transparency to shareholders and potential traders.
This report is predicated on a press launch and has not been independently verified. Buyers are suggested to train due diligence when utilizing this data to make funding selections.
This text was generated with the help of AI and reviewed by an editor. For extra data, seek the advice of our Basic Phrases and Circumstances.
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