证券代码：601319 证券简称： 中国人保 公告编号：临 2025-035 中国人民保险集团股份有限公司 第五届董事会第十二次会议决议公告 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十二次会议（以下简称"会议"）的通知 和材料于 2025 年 10 月 10 日以书面方式通知全体董事，会议于 2025 年 10 月 30 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。会议由丁向群董事长主持。会议应出席董事 11 名，实 际出席董事 11 名。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： 一、审议通过了《关于 2025 年 A 股和 H 股第三季度报告的议案》 本议案已经审计委员会事前审议通过。 具 体 内 容 详 见 本 公 司 同 日 于 上 海 证 券 交 易 所 网 站 （www.sse.com. ...

FANGDA PARTNERS http://www.fangdalaw.com 中国北京市朝阳区光华路一号 电子邮件 E-mail: email@fangdalaw.com 北京嘉里中心北楼 27 层 电 话 Tel.: 86-10-5769 5600 邮政编码：100020 传 真 Fax: 86-10-5769 5788 27/F, North Tower, Beijing Kerry Centre 1 Guanghua Road, Chaoyang District Beijing 100020, PRC 上海市方达（北京）律师事务所 关于中国人民保险集团股份有限公司 本法律意见书依据《中华人民共和国公司法》（以下简称"《公司法》"）、《中 华人民共和国证券法》《上市公司股东会规则》及其他相关中华人民共和国境内 已公开颁布并生效的法律、法规、规章及规范性文件（以下合称"中国法律法规"， 仅为本法律意见书说明之目的，不包括中国香港特别行政区、中国澳门特别行政 区和中国台湾地区的法律、法规）以及《中国人民保险集团股份有限公司章程》 （以下简称"《公司章程》"）的规定出具。 本法律意见书仅就本次股东会的召集 ...

证券代码：601319 证券简称：中国人保 中国人民保险集团股份有限公司 2025 年第三季度报告 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： 一、主要财务数据 ·本公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和 连带的法律责任。 ·本公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保 证季度报告中财务报表信息的真实、准确、完整。 ·本公司 2025 年第三季度报告所载财务资料根据中国企业会计准则编制，且未 经审计。 注： 1.基本每股收益、稀释每股收益增减百分比按照四舍五入前数据计算得出，下同。 2.如无特别说明，本报告中币种均为人民币。 （二）非经常性损益项目和金额 将《公开发行证券的公司信息披露解释性公告第 1 号——非经常性损益》中列 举的非经常性损益项目界定为经常性损益项目的情况说明：本集团作为保险集团公 司，保险资金的投资运用为主要经营业务之一，持有交易性金融资产、其他债权投 资等金融工具属于本集 ...

Core Viewpoint - Catastrophe insurance is becoming increasingly important as extreme weather and natural disasters rise globally, with China facing significant challenges in its catastrophe insurance system despite recent policy advancements [2][4]. Group 1: Catastrophe Insurance Landscape in China - Over 70% of cities and more than 50% of the population in China are located in areas severely affected by natural disasters, highlighting the complex and concentrated nature of catastrophe risks [5]. - The catastrophe insurance system in China has been gradually improving, with significant developments such as the establishment of the earthquake catastrophe insurance community in 2016 and ongoing pilot programs in over 20 provinces [6]. - Despite a premium scale of 1.232 billion yuan and a compound annual growth rate exceeding 39% from 2014 to 2024, the insurance payout for natural disasters in China is only about 10% of the economic losses, compared to a global average of 50% [6]. Group 2: Regulatory Developments and Innovations - The Financial Regulatory Bureau has issued a notification allowing domestic insurance companies to issue "sidecar" insurance-linked securities in the Hong Kong market, which helps transfer risks to the capital market [3][4]. - "Sidecar" insurance-linked securities can provide additional protection for insurance companies, enhancing their financial stability and allowing them to share catastrophe risks with the capital market [4]. - The issuance of catastrophe bonds has been supported by recent regulatory changes, with the first catastrophe bond issued in Hong Kong in 2015 and subsequent issuances in 2021 and 2022 [9][10]. Group 3: Industry Trends and Future Outlook - The catastrophe bond market is expected to grow significantly, with predictions indicating a 20% increase in market size to approximately $60 billion by 2025 [10]. - The introduction of "sidecar" insurance-linked securities is anticipated to diversify capital markets and may lead to structural impacts on domestic stock markets, potentially attracting international capital back to mainland markets [11][12]. - The insurance industry is encouraged to adopt technology for risk management, shifting focus from post-disaster compensation to pre-disaster prevention, with companies like China Life and PICC developing advanced risk management platforms [7].

智通财经APP讯，中国人民保险集团(01339)公布2025年前三季度业绩，营业总收入约5209.9亿元，同比 增长10.9%;归属于母公司股东的净利润为468.22亿元，同比增长28.9%;基本每股收益1.06元。 报告期内，人保财险实现保险服务收入3,859.21亿元，同比增长5.9%;人保财险持续深化经营管理降本提 质增效，提升核保理赔质效，加强销售费用精细化管理，不断优化费用投入，实现承保利润148.65亿 元，同比增长130.7%;综合成本率96.1% ，同比下降2.1个百分点;实现净利润402.68亿元，同比增长 50.5%。人保寿险实现保险服务收入197.86 亿元，同比增长18.2%;实现净利润139.74亿元;新业务价值可 比口径同比增长76.6%。 人保健康实现保险服务收入232.38亿元，同比增长12.9%;实现净利润78.56亿 元，同比增长41.0%。 ...

Core Viewpoint - China People's Insurance Group (01339.HK) demonstrates resilience and commitment to high-quality insurance services, contributing to economic and social development despite challenging external conditions [1] Financial Performance - For the first three quarters of 2025, the company achieved insurance service revenue of 431.339 billion yuan, representing a year-on-year growth of 6.8% [1] - Total operating revenue reached 520.990 billion yuan, with a year-on-year increase of 10.9% [1] - Net profit attributable to shareholders of the parent company was 46.822 billion yuan, reflecting a year-on-year growth of 28.9% [1] Capital Strength - As of September 30, 2025, the company's total equity amounted to 427.836 billion yuan, an increase of 16.5% compared to the end of the previous year [1] - The net asset value per share attributable to shareholders of the parent company was 7.10 yuan per share, up 16.9% from the end of the previous year [1]

报告期内，人保财险实现保险服务收入3,859.21亿元，同比增长5.9%;人保财险持续深化经营管理降本提 质增效，提升核保理赔质效，加强销售费用精细化管理，不断优化费用投入，实现承保利润148.65亿 元，同比增长130.7%;综合成本率96.1% ，同比下降2.1个百分点;实现净利润402.68亿元，同比增长 50.5%。人保寿险实现保险服务收入197.86 亿元，同比增长18.2%;实现净利润139.74亿元;新业务价值可 比口径同比增长76.6%。 人保健康实现保险服务收入232.38亿元，同比增长12.9%;实现净利润78.56亿 元，同比增长41.0%。 智通财经APP讯，中国人民保险集团(01339)公布2025年前三季度业绩，营业总收入约5209.9亿元，同比 增长10.9%;归属于母公司股东的净利润为468.22亿元，同比增长28.9%;基本每股收益1.06元。 ...

Core Viewpoint - The insurance sector experienced a decline of 0.98% on October 30, with China Life leading the drop, while the overall market indices also fell [1]. Group 1: Market Performance - The Shanghai Composite Index closed at 3986.9, down 0.73% - The Shenzhen Component Index closed at 13532.13, down 1.16% [1]. Group 2: Individual Stock Performance - New China Life (601336) closed at 70.90, up 1.21% with a trading volume of 315,600 shares and a turnover of 2.262 billion yuan - China Pacific Insurance (601601) closed at 37.75, up 0.40% with a trading volume of 529,600 shares and a turnover of 2.009 billion yuan - Ping An Insurance (601318) closed at 58.65, down 0.51% with a trading volume of 745,700 shares and a turnover of 4.424 billion yuan - China Reinsurance (601319) closed at 8.70, down 1.47% with a trading volume of 729,500 shares and a turnover of 643 million yuan - China Life Insurance (601628) closed at 44.38, down 1.86% with a trading volume of 206,000 shares and a turnover of 926.76 million yuan [1]. Group 3: Capital Flow Analysis - The insurance sector saw a net inflow of 260 million yuan from institutional investors, while retail investors experienced a net inflow of 33.01 million yuan - However, speculative funds recorded a net outflow of 293 million yuan [1]. Group 4: Detailed Capital Flow by Company - China Pacific Insurance (601601) had a net inflow of 216 million yuan from institutional investors, but a net outflow of 109 million yuan from speculative funds - New China Life (601336) had a net inflow of 123 million yuan from institutional investors, with a net outflow of 9.31 million yuan from speculative funds - China Reinsurance (601319) experienced a net outflow of 2.81 million yuan from institutional investors, but a net inflow of 37.96 million yuan from retail investors - Ping An Insurance (601318) had a net outflow of 21.07 million yuan from institutional investors and 119 million yuan from speculative funds, with a net inflow of 14 million yuan from retail investors - China Life Insurance (601628) had a net outflow of 55.69 million yuan from institutional investors, a net outflow of 20.94 million yuan from speculative funds, and a net inflow of 76.62 million yuan from retail investors [2].

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。 （於中華人民共和國註冊成立之股份有限公司） （股份代號：1339） 2025年第三季度報告 本公告由中國人民保險集團股份有限公司（「本公司」或「公司」，連同其附屬公司，統稱 「本集團」或「集團」）根據《證券及期貨條例》（香港法例第571章）第XIVA部項下的內幕消 息條文及《香港聯合交易所有限公司證券上市規則》第13.09條及13.10B條作出。 重要內容提示： - 1 - • 本公司董事會、監事會及董事、監事、高級管理人員保證季度報告內容的真實、準 確、完整，不存在虛假記載、誤導性陳述或重大遺漏，並承擔個別和連帶的法律責 任。 • 本公司負責人、主管會計工作負責人及會計機構負責人（會計主管人員）保證季度報 告中財務報表信息的真實、準確、完整。 • 本公司2025年第三季度報告所載財務資料根據中國企業會計準則編製，且未經審 計。 一、主要財務數據 （一）主要會計數據和財務指標 | | | | 單位：百萬 ...

Core Viewpoint - The 2025 Central Document No. 1 emphasizes the need to enhance the supply guarantee capacity of important agricultural products, with livestock farming playing a crucial role in ensuring national food security and promoting rural economic prosperity [1]. Industry Overview - The livestock industry in China has shown steady development, with total production of pork, beef, mutton, and poultry reaching 96.63 million tons in 2024, reflecting a year-on-year growth of approximately 0.2% [1]. - Despite this growth, the industry faces significant risks, particularly from animal diseases and natural disasters, which can adversely affect livestock output and economic benefits [1]. Risk Management Innovations - China Pacific Insurance (PICC) has developed the "PICC China Livestock Catastrophe Model," the first of its kind independently created by a Chinese insurance company, aimed at enhancing risk management in the livestock sector [3][5]. - The model incorporates advanced concepts and technologies from domestic and international catastrophe modeling, addressing various risk factors including infectious diseases, non-infectious diseases, and meteorological disasters [3][5]. - Utilizing a robust data foundation from nearly 1.8 billion risk-related insurance and claims records, the model covers over 2,800 counties in China and includes multiple disease causative agents and disaster types [3][5]. Future Directions - PICC plans to continue optimizing the catastrophe model and engage in extensive technical exchanges with industry stakeholders to explore more advanced risk assessment methods, thereby contributing to the high-quality development of China's livestock industry [5].