二、非執行董事 王清劍 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 1339 董事名單與其角色和職能 一、執行董事 趙 鵬 （副董事長） 李祝用 肖建友 邵善波 高永文 崔 歷 徐麗娜 王鵬程 四、董事會專業委員會 董事會下設五個董事會專業委員會，各董事會專業委員會的組成如下： | 委員會 | | | | | | 風險管理與 | | --- | --- | --- | --- | --- | --- | --- | | | | | 提名薪酬 | 戰略與投資 | 關聯交易 | 消費者權益 | | 董 | 事 | 審計委員會 | 委員會 | 委員會 | 控制委員會 | 保護委員會 | | 趙 | 鵬 | | | | | | | 李祝用 | | | | | | | | 肖建友 | | | | | | | | 王清劍 | | | | | | | | 苗福生 | | | | | | | | 王少群 | | | | | | | | 喻 | 強 | | | | ...

本公司董事会及全体董事保证本公告内容不存在任何虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承 担法律责任。 中国人民保险集团股份有限公司 关于董事长辞任的公告 证券代码：601319 证券简称：中国人保 公告编号：临 2024-031 中国人民保险集团股份有限公司（"本公司"）董事会收到王廷 科先生的辞呈。王廷科先生因工作需要，辞去本公司执行董事、董事 长及董事会战略与投资委员会主任委员等职务。该辞任自 2024 年 9 月 5 日起生效。王廷科先生已确认其与本公司董事会无不同意见，亦 没有任何其他事项需要通知本公司股东。 中国人民保险集团股份有限公司董事会 2024 年 9 月 6 日 王廷科先生在任职期间恪尽职守，勤勉履职，求真务实，守正创 新，为集团改革发展做了大量卓有成效的工作。本公司董事会向王廷 科先生对本公司做出的重要贡献表示衷心感谢！ 特此公告。 王廷科先生在担任本公司董事长期间，团结带领集团干部员工， 坚持以习近平新时代中国特色社会主义思想为指导，坚持金融工作政 治性、人民性，扎实做好金融"五篇大文章"，务实推进卓越战略优 化，深入实施八项战略服务，坚守风险防控底线， ...

Investment Rating - The investment rating for the company is "Outperform the Market" and is maintained [2][7]. Core Views - The report highlights a significant increase in net profit and new business value (NBV) for the first half of 2024, with net profit reaching 22.7 billion yuan, up 14.1% year-on-year, and a quarterly profit of 13.7 billion yuan, up 68.2% year-on-year [6][7]. - The report emphasizes the company's competitive advantage in the property insurance sector, particularly in the auto insurance business, which is expected to enhance profitability compared to smaller competitors [7][9]. Summary by Sections Financial Performance - The company reported a net profit of 22.7 billion yuan for the first half of 2024, with a year-on-year increase of 14.1%. The return on equity (ROE) was 9.0%, up 0.7 percentage points year-on-year [6]. - The total assets increased by 6.9% to 1.53 trillion yuan, with fixed income and equity assets accounting for 67.3% and 19.2% respectively [7]. - The annualized total investment yield was 4.1%, down 0.8 percentage points year-on-year, while the net investment yield was 3.8%, down 0.6 percentage points year-on-year [7]. Insurance Segment Performance - In the property insurance segment, premium income grew steadily, with a year-on-year increase of 3.7%, and a market share of 34.0%, up 1.5 percentage points from the beginning of the year [6][7]. - The comprehensive cost ratio for property insurance was 96.8%, up 0.4 percentage points year-on-year, with a claims ratio of 70.7%, up 1.2 percentage points [6][16]. - In the life insurance segment, net profit reached 9.9 billion yuan, a significant increase of 191% year-on-year, with NBV growing by 91% [6][7]. Valuation - The report provides a valuation range for the company between 6.56 and 7.12 yuan per share, based on a segmented valuation approach [9][22]. - The estimated price-to-earnings (P/E) ratio for 2024 is projected at 9.69, while the price-to-book (P/B) ratio is expected to be 0.99 [22][21]. Market Comparison - The company's stock price closed at 6.00 yuan, with a 52-week price fluctuation between 4.52 and 6.14 yuan [2][8]. - The report indicates that the company's performance has outpaced the Shanghai and Shenzhen 300 index, with relative increases of 12.0% over one month and 20.0% over two months [4].

Investment Rating - The report maintains a "Recommended" rating for the company with a target price of 7.3 CNY, compared to the current price of 5.75 CNY [2][8]. Core Views - The company achieved a significant growth in New Business Value (NBV), with a year-on-year increase of 115.6% to 6.96 billion CNY in the first half of 2024. The net profit also showed a strong growth of 14.1% year-on-year, reaching 22.69 billion CNY [2][8]. - The report highlights the company's leading position in the property insurance sector, with a market share of one-third, and emphasizes the continuous improvement in risk management driving underwriting profitability [2][8]. - The report anticipates that the company's life insurance new business will face reduced pressure in the second half of 2024, supported by a further decrease in the preset interest rate, which will enhance the new business value rate [2][8]. Summary by Sections Financial Performance - In H1 2024, the company reported insurance service revenue of 261.63 billion CNY, a year-on-year increase of 6.0%. The return on equity (ROE) was 9.0%, up by 0.7 percentage points [2][8]. - The property insurance segment generated 235.84 billion CNY in revenue, with a combined ratio (COR) of 96.8%, reflecting a slight increase due to natural disaster impacts [2][8]. - The life insurance segment's NBV grew by 91.0% to 3.94 billion CNY, driven by improvements in new business value rates [2][8]. Investment Strategy - The company has adjusted its investment strategy by reducing holdings in TPL funds and increasing investments in OCI stocks to stabilize financial statements. As of H1 2024, the total investment asset scale increased by 6.9% to 1,531.83 billion CNY [2][8]. - The net and total investment yield rates were 3.8% and 4.1%, respectively, both showing a decline compared to the previous year [2][8]. Future Outlook - The report projects an increase in earnings per share (EPS) for 2024-2026, with estimates of 0.71 CNY, 0.81 CNY, and 0.89 CNY respectively, reflecting an optimistic outlook for the company's performance [2][8]. - The company is expected to continue benefiting from the growing demand for healthcare and elderly care services, which will likely lead to strong performance in the health insurance sector [2][8].

Investment Rating - The report maintains a "Buy" rating for China People's Insurance Group with a target price of HKD 3.94 per share, corresponding to a P/B ratio of 0.66 for 2024 [5]. Core Views - The company's net profit attributable to shareholders for the first half of 2024 increased by 14.1% year-on-year to RMB 22.687 billion, primarily driven by improved underwriting profits, while the decline in investment profits narrowed significantly [4][5]. - The report highlights a robust growth in property insurance premiums, with a year-on-year increase of 3.7% to RMB 311.996 billion in H1 2024, and a notable improvement in underwriting profitability in Q2 compared to Q1 [5]. - The life insurance new business value (NBV) exceeded expectations, showing a year-on-year growth of 91.0% in H1 2024, driven by significant improvements in new business value rates [5]. Summary by Sections Financial Performance - The total investment income for H1 2024 was RMB 29.064 billion, reflecting a year-on-year decline of 7.7% [5]. - The company declared an interim dividend of RMB 0.063 per share, indicating an increase in dividend frequency [5]. Property Insurance - The combined ratio (COR) for H1 2024 was 96.2%, a slight increase of 0.4 percentage points year-on-year, but showed significant improvement in Q2 with a COR of 94.7% [5]. - The loss ratio increased by 1.2 percentage points to 70.1%, while the expense ratio improved by 0.8 percentage points to 26.1% [5]. Life Insurance - The NBV for life insurance in H1 2024 was significantly boosted by a 5.5 percentage point improvement in new business value rates, reaching 11.3% [5]. - The contribution from individual insurance and bancassurance NBV grew by 45.5% and 44.7% respectively [5]. Market Outlook - Catalysts for future performance include better-than-expected natural disaster outcomes in the second half and a recovery in capital markets [5].

Investment Rating - The investment rating for China People's Insurance Group is "Buy" (maintained) [5] Core Views - The company reported a 6.0% year-on-year increase in insurance service revenue to CNY 261.63 billion for H1 2024, with a net profit attributable to shareholders of CNY 23.40 billion, up 13.7% year-on-year [2][7] - The combined ratio (COR) for property insurance was 96.2%, an increase of 0.4 percentage points year-on-year, indicating a stable underwriting profitability [7] - The new business value (NBV) for life insurance reached CNY 3.94 billion, a significant increase of 91.0% year-on-year, while health insurance NBV surged by 159.0% to CNY 3.03 billion [7] Financial Performance - For H1 2024, the property insurance segment achieved original insurance premium income of CNY 311.996 billion, a 3.7% increase year-on-year, slightly below the industry average of 4.5% [7] - The COR for property insurance improved, with a claims ratio of 70.1% and an expense ratio of 26.1%, reflecting a year-on-year increase of 1.2 percentage points and a decrease of 0.8 percentage points, respectively [7] - The life insurance segment's net profit was CNY 9.93 billion, up 191.1% year-on-year, driven by improved investment returns and reduced liability costs [7] Profit Forecast - The company is expected to achieve net profits of CNY 28.4 billion, CNY 31.3 billion, and CNY 36.4 billion for the years 2024, 2025, and 2026, respectively, with growth rates of 27%, 10%, and 16% [7][8]

证券代码：601319 证券简称： 中国人保 公告编号：临 2024-028 中国人民保险集团股份有限公司 第五届董事会第二次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记 载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完 整性承担法律责任。 本公司第五届董事会第二次会议（以下简称"会议"）的通知和 材料于 2024 年 8 月 8 日以书面方式通知全体董事，会议于 2024 年 8 月 28 日在北京市西城区西长安街 88 号中国人保大厦以现场会议方 式召开。会议应出席董事 14 名，现场出席 10 名，视频连线出席 3 名， 委托出席 1 名。独立董事高永文、崔历、徐丽娜以视频连线方式出席 会议，王廷科董事长委托赵鹏副董事长主持会议并代为行使表决权。 监事会成员及部分高级管理层成员列席了会议。会议的召开符合《中 华人民共和国公司法》等相关法律、行政法规、部门规章和《中国人 民保险集团股份有限公司章程》的规定，会议合法、有效。 经与会董事审议并表决，形成以下会议决议： 表决结果：14 票同意，0 票反对，0 票弃权 一、审议通过了《关于2024年A股和H股半年度定期报告的议 案 ...

证券代码：601319 证券简称：中国人保 公告编号：临 2024-029 中国人民保险集团股份有限公司 第四届监事会第二十四次会议决议公告 本公司监事会及全体监事保证本公告内容不存在任何虚假记 载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完 整性承担个别及连带责任。 中国人民保险集团股份有限公司（"本公司"）第四届监事会第 二十四次会议（以下简称"会议"）的通知和材料于 2024 年 8 月 8 日以书面方式发送全体监事，会议于 2024 年 8 月 8 日至 8 月 28 日以 书面传签方式召开。经半数以上监事推举，会议由李慧琼监事召集。 会议的召集、召开符合《中华人民共和国公司法》等相关法律、行政 法规、部门规章和本公司章程的规定，会议合法、有效。经与会监事 审议并表决，形成以下会议决议： 一、审议通过了《关于 2024 年 A 股和 H 股半年度定期报告的议 案》 监事会认为： （一）公司 2024 年 A 股和 H 股半年度定期报告的编制和审核程 序符合法律、行政法规、部门规章和公司章程的规定； （二）公司 2024 年 A 股和 H 股半年度定期报告内容真实、准确、 特此公告。 中国人 ...

证券代码：601319 证券简称：中国人保 公告编号：临 2024-030 中国人民保险集团股份有限公司 2024 年中期利润分配方案公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承 担法律责任。 重要内容提示： 2024 年中期利润分配方案：建议派发中期股息每 10 股现金 0.63 元人民币（含税），公司合计拟派发现金红利 27.86 亿元人民币 （含税）。 本次利润分配以总股本 44,223,990,583 股为基数。如在实 施权益分派的股权登记日前公司总股本发生变动的，将另行公告具体 调整情况。 中国人民保险集团股份有限公司（以下简称"本公司""公司"） 于2024年8月28日召开了第五届董事会第二次会议，会议审议通过了 《关于集团公司2024年中期利润分配的议案》，该议案尚需提请公司 股东大会审议。现将相关事宜公告如下： 一、中期利润分配方案内容 经董事会决议，公司拟向全体股东派发中期股息每 10 股现金 0.63 元人民币（含税）。截至 2024 年 6 月 30 日，公司总股本 1 44,223,990,583 股，以此 ...

Financial Performance - In the first half of 2024, the company achieved a net profit of CNY 30.455 billion, representing a year-on-year increase of 13.8%[8]. - Total revenue for the first half of 2024 reached 292.3 billion, a 4.1% increase compared to 280.7 billion in the same period of 2023[17]. - Net profit for the first half of 2024 was 30.5 billion, up 13.8% from 26.8 billion in the same period last year[17]. - The company achieved a basic earnings per share of 0.51, representing a 14.1% increase from 0.45 in the first half of 2023[17]. - The company reported a net profit attributable to shareholders of CNY 22,687 million for the first half of 2024, compared to CNY 19,881 million in the same period of 2023[23]. - The net profit attributable to shareholders of the parent company reached CNY 22.687 billion, reflecting a year-on-year growth of 14.1%[28]. - The company reported a significant increase in other debt liabilities, which rose to RMB 42,092 million from RMB 33,384 million, reflecting a growth of about 26.06%[189]. - The total equity attributable to shareholders reached RMB 253,020 million, up from RMB 242,355 million, which is an increase of approximately 4.67%[189]. Insurance Operations - The insurance service revenue for the first half of 2024 reached CNY 261.629 billion, a growth of 6.0% year-on-year, while original insurance premium income was CNY 1,427.285 billion, up 3.3%[9]. - The insurance service income for the first half of 2024 was CNY 235,841 million, compared to CNY 224,368 million in the same period of 2023, reflecting a growth of 5.2%[20]. - The property insurance segment generated original insurance premium income of CNY 311.996 billion, with a market share of 34.0%[29]. - The life insurance segment reported original insurance premium income of CNY 79.056 billion, with new business value increasing by 91.0% to CNY 3.935 billion[30]. - The health insurance segment achieved an insurance service income of CNY 13.786 billion, a year-on-year increase of 9.2%[70]. - The company provided risk protection amounting to CNY 1,665 trillion and paid claims of CNY 204.2 billion in the first half of 2024[11]. - The company’s green insurance business provided risk protection of CNY 111.9 trillion, with the number of insured new energy vehicles increasing by 59.3% year-on-year[12]. Investment and Asset Management - The company's investment asset scale exceeded CNY 1.5 trillion by the end of June 2024, reflecting a growth of 6.9% since the beginning of the year[9]. - Total investment income for the first half of 2024 was CNY 29.064 billion, with an annualized return on investment of 4.1%[31]. - The asset management scale of the company reached CNY 1.8 trillion, a growth of 7% year-to-date, with a net profit of CNY 2.69 billion for the first half of 2024[84]. - The investment portfolio as of June 30, 2024, included fixed income investments of CNY 1,031.38 billion, representing 67.3% of total investments[89]. - The company’s equity investments accounted for 19.2% of the total investment portfolio, amounting to CNY 293.72 billion[89]. - The total liabilities reached RMB 1,304,934 million, up from RMB 1,225,490 million, indicating an increase of about 6.45%[189]. Risk Management - The company has outlined potential risks in its management discussion, including macroeconomic, market, and credit risks[4]. - The company emphasizes risk management, enhancing early warning mechanisms for better risk identification and response[106]. - The company will continue to enhance risk management capabilities in the insurance business and strictly implement regulatory policies to mitigate liability cost risks[107]. - The company has a strong focus on credit risk management, with 98.0% of non-standard financial products rated AAA, ensuring overall credit risk remains controllable[90]. Corporate Governance and Shareholder Information - The company held 2 shareholder meetings and 5 board meetings during the reporting period[149]. - The top shareholder, the Ministry of Finance, holds 60.84% of the shares, totaling 26,906,570,608 shares[154]. - The company has established a comprehensive ESG governance structure, with the board responsible for green finance strategy and risk management[165]. - The company has not implemented any stock incentive plans or employee stock ownership plans during the reporting period[152]. Strategic Initiatives and Future Outlook - The company is committed to expanding its market presence through strategic initiatives and technological advancements[2]. - The company aims to enhance digital transformation and improve risk management capabilities in the second half of 2024[25]. - The company plans to review its fixed asset investment budget for 2024 during the shareholder meetings[150]. - The company is focusing on innovative product development, including the launch of the "Qingshan Income Protection Insurance" to meet market demands[74].