2021-10-29 16:00Financial Performance - In Q3 2021, China Pacific Insurance reported operating revenue of RMB 98,422 million, a decrease of 7.5% compared to Q3 2020[4] - The net profit for Q3 2021 was RMB 5,382 million, reflecting a slight decrease of 0.5% year-on-year[4] - For the first nine months of 2021, the company achieved a net profit of RMB 22,686 million, an increase of 15.5% compared to the same period in 2020[4] - Operating revenue for the first nine months of 2021 reached RMB 350,934 million, a slight increase of 0.3% compared to RMB 341,920 million in the same period of 2020[26] - Net profit attributable to shareholders of the parent company was RMB 22,686 million, representing a 15.4% increase from RMB 19,648 million in the previous year[26] - Total comprehensive income for the first nine months was RMB 18,654 million, a decrease of 15.5% from RMB 22,099 million in 2020[28] - The company reported a decrease in cash and cash equivalents at the end of the period to RMB 25,027 million, down from RMB 43,574 million at the end of the previous year[30] - The company experienced a significant increase in claims paid, which rose to RMB 110,698 million from RMB 104,216 million in the previous year[26] - The company’s basic earnings per share increased to RMB 2.36, compared to RMB 2.12 in the same period of 2020[26] Assets and Liabilities - Total assets as of September 30, 2021, reached RMB 1,917,901 million, an increase of 8.3% from the end of 2020[5] - The total liabilities as of September 30, 2021, amounted to RMB 1,691,768 million, compared to RMB 1,550,169 million at the end of 2020[24] - The total assets as of September 30, 2021, were RMB 1,917,901 million, up from RMB 1,771,004 million at the end of 2020[22] - The group's investment assets reached RMB 1,772,297 million, a growth of 7.5% compared to the end of the previous year[15] Insurance Revenue - The insurance business revenue for the company was RMB 301,460 million in Q3 2021, a slight decline of 0.3% year-on-year[10] - The total insurance revenue for the first nine months of 2021 was RMB 118,994 million, representing a year-on-year increase of 3.0%[14] - The total insurance revenue for personal customer business was RMB 181,796 million, down 2.4% compared to the previous year[12] - The life insurance segment generated RMB 181,796 million in revenue, down 2.4% year-on-year, while the property insurance segment saw a 3.0% increase to RMB 118,994 million[10] - The motor vehicle insurance revenue decreased by 8.0% year-on-year to RMB 66,522 million, while non-motor vehicle insurance revenue increased by 21.4% to RMB 52,472 million[14] - New insurance business for personal customers increased by 3.6% to RMB 26,302 million, with regular premium business growing by 15.8% to RMB 22,569 million[12] - New insurance policies in the life insurance segment amounted to RMB 26,302 million, marking a growth of 3.6%[11] Investment Performance - Investment income increased to RMB 73,664 million, up 11.5% from RMB 65,961 million year-on-year[26] - The annualized net investment return rate was 4.3%, a decrease of 0.3 percentage points year-on-year[16] Strategic Focus - The company is focusing on digital transformation and enhancing its marketing team's professionalism and digital capabilities[11] - The company is actively exploring new business models in motor insurance and enhancing risk management capabilities in emerging fields[13] - The group aims to optimize its business structure and improve business quality control in response to market changes[13] Shareholder Information - As of the end of the reporting period, the total number of shareholders was 178,813, with the top ten shareholders holding significant stakes in the company[9]