Core Viewpoint - China Pacific Insurance (Group) Co., Ltd. reported an increase in the overall underwriting cost ratio for non-auto insurance, while the ratio excluding personal credit guarantee insurance showed a decrease, indicating a mixed performance in its insurance business [1] Group 1: Non-Auto Insurance Performance - The overall underwriting cost ratio for non-auto insurance is 97.6%, which is an increase of 0.4 percentage points year-on-year [1] - Excluding the impact of personal credit guarantee insurance, the underwriting cost ratio for non-auto insurance is 94.8%, reflecting a decrease of 2.3 percentage points year-on-year [1] Group 2: Risk Exposure - As of the end of July, the risk exposure from personal credit guarantee insurance has decreased by approximately one-third compared to the end of last year [1] - It is anticipated that the risk impact from personal credit guarantee insurance will be completely eliminated by 2026 [1]