Core Viewpoint - China Pacific Insurance (CPIC) has demonstrated strong performance in its core insurance business, with significant growth in new business value and underwriting profit, indicating a robust operational strategy and market positioning [1][3][6]. Group 1: Overall Performance - In 2025, CPIC achieved total revenue of 435.16 billion yuan, a year-on-year increase of 7.7%, and a net profit attributable to shareholders of 53.51 billion yuan, up 19% [3]. - The group's operating profit, excluding short-term investment fluctuations, reached 36.52 billion yuan, reflecting a 6.1% increase [3]. - The company's embedded value stood at 613.37 billion yuan at the end of 2025, representing a 9.1% growth from the previous year [4]. Group 2: Life Insurance Business - CPIC's life insurance segment reported a new business value of 18.61 billion yuan, marking a 40.1% increase, with a new business value margin of 19.8%, up 3.2 percentage points [6]. - The total premium income for life insurance reached 295.86 billion yuan, a 12.7% increase year-on-year [6]. - The net profit from the life insurance segment was 42.17 billion yuan, reflecting a 17.7% increase [6]. Group 3: Property Insurance Business - The property insurance segment saw a slight premium growth of 0.1%, with total insurance service revenue of 197.19 billion yuan, up 3% [7]. - The underwriting profit surged by 81% to 4.84 billion yuan, with a combined ratio of 97.5%, improving by 1.1 percentage points [7]. - The net profit for the property insurance segment was 9.86 billion yuan, a 33.7% increase [7]. Group 4: Investment Management - By the end of 2025, CPIC managed assets of nearly 3.9 trillion yuan, a 9.8% increase, with investment assets reaching 3.04 trillion yuan, up 11.2% [9]. - The net investment income was 85.20 billion yuan, a 2.9% increase, while total investment income grew by 17.6% to 141.63 billion yuan [9]. - The comprehensive investment return rate remained strong, supporting the company's profit generation [9]. Group 5: Strategic Initiatives - CPIC has launched three major strategies: "Great Health and Elderly Care," "Internationalization," and "Artificial Intelligence+" to enhance core competitiveness [11]. - The "Great Health and Elderly Care" strategy includes the establishment of 15 elderly care communities and the opening of rehabilitation hospitals, serving over 12 million customers [11]. - The company plans to significantly increase its investment in artificial intelligence, with a projected compound annual growth rate of no less than 40% over the next two years [12].

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。 中國太平洋保險（集團）股份有限公司 CHINA PACIFIC INSURANCE (GROUP) CO., LTD. （於中華人民共和國註冊成立的股份有限公司） （股份代號：02601） 海外監管公告 本 公 告 乃 依 據《香 港 聯 合 交 易 所 有 限 公 司 證 券 上 市 規 則》第13.10B條的披 露 義 務 而 作 出。 茲 載 列 該 公 告 如 下，僅 供 參 考。 承董事會命 中 國 太 平 洋 保 險（集 團）股 份 有 限 公 司 傅 帆 董事長 香 港，2026年3月27日 於 本 公 告 日 期，本 公 司 執 行 董 事 為 傅 帆 先 生 和 趙 永 剛 先 生；非 執 行 董 事 為 黃 迪 南 先 生、路 巧 玲 女 士、王 他 竽 先 生、王 昱 華 女 士、陳 然 先 生、周 東 輝先生和J ...

Core Viewpoint - The "14th Five-Year Plan" emphasizes actively addressing population aging and advancing the construction of a healthy China, marking a golden development period for the health and wellness industry driven by policy support and demand [1] Group 1: Strategic Framework - China Pacific Insurance (CPIC) has established the "1234" strategic framework focusing on building an integrated health and wellness ecosystem as a strategic direction [2] - The new strategy emphasizes the synergy between insurance investment and health services, implementing three core strategies: growth symbiosis, scenario integration, and value co-creation [2] - Growth symbiosis focuses on medical insurance collaboration, improving pension layouts, and seizing policy opportunities to enhance health insurance and pension financial services [2] Group 2: Health Insurance Market - CPIC aims to capture growth opportunities in the health insurance market by focusing on personal account medical insurance and the combination of employee benefits and health services [2] - The company is closely monitoring national policies for long-term care insurance and upgrading product service combinations to optimize health insurance product layouts [2] Group 3: Pension Financial Development - CPIC is committed to enhancing the three pillars of pension security, strengthening the first pillar's investment capabilities, expanding the second pillar's customer coverage, and optimizing the third pillar's product-service combinations [3] - The company promotes synergy between the second and third pillars to enhance pension finance and health service capabilities [3] Group 4: Specialized Health Services - CPIC is transitioning its health services from a comprehensive to a specialized approach, developing distinctive service features based on the strengths of each entity [4] - The company has established a full-service chain from prevention to rehabilitation, including various health services such as online medical consultations and home care [4] - Future efforts will focus on deepening the integration of health services with the main business, enhancing customer engagement, and optimizing operational costs [4] Group 5: Future Outlook - As the "Big Health" strategy progresses, CPIC will continue to enhance the integration of health services with its insurance business, improving service quality and professional capabilities [5] - The company aims to explore new paths and models for the development of the health and wellness industry, contributing to the construction of a healthy China and addressing population aging [5]

Core Viewpoint - China Pacific Insurance (CPIC) is advancing its "Great Health" strategy, establishing a comprehensive "Great Health" ecosystem with a focus on integrated services and insurance investment [1][2]. Group 1: Strategic Framework - CPIC has defined a "1234" strategic framework for its "Great Health" strategy, emphasizing the creation of an integrated ecosystem [1]. - The strategy includes three core approaches: growth symbiosis, scenario integration, and value co-creation [1]. Group 2: Health Insurance Development - CPIC is optimizing its health insurance product layout and enhancing the quality of health insurance business by aligning commercial insurance with medical insurance [2]. - The company is focusing on the three pillars of pension security, enhancing investment capabilities, customer coverage, and service combinations [2]. Group 3: Service Integration and Innovation - CPIC aims to deepen the integration of services with its main business by embedding services into insurance product design and enhancing customer engagement through high-frequency interactions [3]. - The company is working on a full-cycle service system to improve customer health and optimize operational costs, ultimately reducing risks [3].

Core Viewpoint - China Pacific Insurance's Taibao Jiayuan has launched two new senior care communities in Beijing and Sanya, marking a significant step in its strategy to address the aging population and contribute to the silver economy [1][3]. Group 1: Community Launch Details - The Beijing International Elderly Care Community and Sanya International Leisure Care Center opened on December 14, 2025, after breaking ground on December 29, 2022, showcasing a commitment to high-quality elderly care [3][9]. - The Beijing community features over 60,000 square meters of space with 418 elderly apartments, designed to meet diverse needs with a focus on personalized care services [3][4]. - The Sanya center spans 46,000 square meters and includes 303 leisure care apartments, emphasizing a Mediterranean theme and offering various wellness activities [6][8]. Group 2: Service Offerings and Innovations - Both communities provide multi-disciplinary care services tailored to individual health profiles, including customized dining, rehabilitation training, and chronic disease intervention [4][9]. - The Beijing community has received recognition for its barrier-free and age-friendly design, aiming to set a benchmark for elderly care facilities across the country [4][7]. Group 3: Strategic Partnerships and Collaborations - The opening events included signing ceremonies with various partners, enhancing the collaborative efforts in building a comprehensive elderly care ecosystem [7][8]. - Partnerships with organizations like the China Association of Volunteers for the Disabled and Fudan University aim to integrate resources for innovative elderly care solutions [7][8]. Group 4: Business Development and Future Plans - With the launch of these two communities, China Pacific Insurance has operationalized 14 out of 15 planned Taibao Jiayuan projects, establishing a nationwide elderly care service network [9]. - The company aims to strengthen the synergy between insurance and elderly care services, enhancing its product and service offerings to drive growth in both business and social value [9].

Core Insights - The forum held by Changjiang Pension under China Pacific Insurance focused on addressing the challenges of an aging population and enhancing the multi-tiered pension insurance system [1][3] - China Pacific Insurance is upgrading its strategy from "big health" to "big health and elderly care," emphasizing the synergy between health insurance and pension finance [1][3] Industry Trends - Long-term trends reshaping the pension finance industry include technological revolutions, low interest rates, and changes in pension systems and concepts [3] - The forum highlighted the importance of pension funds and long-term life insurance as foundational elements for sustainable development in pension finance [3][4] Collaborative Ecosystem - There is a consensus among experts that pension finance must break down industry barriers and deeply integrate with the elderly care industry [4] - The construction of a "finance + service" ecosystem is seen as key to meeting diverse pension needs through policy guidance, product innovation, and service upgrades [4] Data and Technology Innovations - The forum introduced significant findings, including a joint report on pension asset management and planning conditions in Shanghai, emphasizing the need for high-quality data support [5] - The "Zhishijie" intelligent investment management system was launched, designed to enhance pension investment decision-making through a comprehensive and technology-driven approach [5] Event Significance - The China International Import Expo serves as a crucial platform for international collaboration in the silver economy, attracting nearly 200 participants from government, industry, academia, and international representatives [5]

Core Viewpoint - China Pacific Insurance (CPIC) reported steady growth in its financial performance for the first half of 2025, with a focus on high-quality development and innovation-driven strategies [1][2][3] Financial Performance - CPIC achieved operating revenue of CNY 200.5 billion, a year-on-year increase of 3.0%, with insurance service revenue at CNY 141.8 billion, up 3.5% [1] - The group's net profit attributable to shareholders was CNY 27.9 billion, reflecting an 11.0% increase, while operating profit rose by 7.1% to CNY 19.9 billion [1] - The embedded value of the group reached CNY 588.9 billion, a 4.7% increase from the end of the previous year [1] - Total assets grew to CNY 3.77 trillion, marking a 6.5% increase from the end of last year [1] Business Strategy and Development - The company emphasized a "steady progress" approach, focusing on consolidating high-quality development and deepening reforms [1][2] - CPIC's life insurance segment is enhancing its value proposition through diversified channel development and improved service offerings, leading to increased new business value [2][3] - The property insurance segment is prioritizing profitability and optimizing business structure, resulting in stable premium growth and improved underwriting profits [2][3] Innovation and Technology - CPIC is advancing its artificial intelligence (AI) initiatives, with significant improvements in user experience and operational efficiency, including a reduction in claims processing time [6][7] - The company is building a private domain model and insurance knowledge base to strengthen its competitive edge in the industry [6][7] Health and Wellness Strategy - CPIC has launched a comprehensive health and wellness strategy, focusing on integrating health insurance with pension finance to capture growth opportunities in the sector [8][9] - The strategy aims to enhance service quality and customer experience across various health-related offerings [8][10] Investment Strategy - The company is adopting a dividend value strategy for its equity asset allocation, with a focus on long-term investment returns amid a low-interest-rate environment [14][15] - CPIC is diversifying its investment portfolio by increasing allocations to alternative assets and innovative financial products [14][15]

Core Viewpoint - China Pacific Insurance (CPIC) reported a revenue of 200.5 billion yuan for the first half of 2025, marking a 3% year-on-year increase, and a net profit of 27.9 billion yuan, up 11% year-on-year [1] Group 1: Life Insurance Performance - The life insurance segment, which accounts for over 70% of CPIC's net profit, showed positive core operating indicators [2] - New business value reached 9.5 billion yuan, reflecting a 32.3% increase year-on-year, driven by significant growth in the bancassurance channel, which saw a 156.1% increase in new business value [2] - The contribution of individual insurance and bancassurance channels to new business value was 60% and 37.8%, respectively, indicating a more balanced structure [2] Group 2: Agent Channel Development - CPIC is focusing on building a professional and skilled agent workforce, with approximately 186,000 agents as of June, showing improved retention rates [3] - The "Great Health and Elderly Care" strategy is yielding results, with successful integration of insurance and elderly care services, exemplified by a fully occupied elderly care community in Nanjing [3] Group 3: New Energy Vehicle Insurance - CPIC's new energy vehicle insurance generated 10.6 billion yuan in premium income, increasing its share of total vehicle insurance premiums from 14.1% to 19.8% [4] - The profitability of new energy vehicle insurance has been achieved, although challenges remain due to high comprehensive costs, particularly for commercial vehicles [4][5] Group 4: Investment Strategy - As of June 2025, CPIC's total managed assets reached 3.77 trillion yuan, a 6.5% increase from the end of 2024, with investment assets growing by 7% to 2.92 trillion yuan [7] - The average investment return over the past decade has been 4.7%, with confidence in maintaining good performance in 2025 [7] - CPIC is focusing on long-term investments in equity assets, while also increasing allocations to innovative quality assets such as ABS and REITs [8]

Core Viewpoint - China Pacific Life Insurance Shandong Branch emphasizes the integration of party leadership and business development, focusing on high-quality financial services and community engagement to enhance social welfare and economic growth [2][9][10] Group 1: Party Leadership and Corporate Culture - The company promotes a "Lu Li Tong Xin" party culture brand, advocating for the "Three Cattle" spirit to foster a cohesive development environment [2] - It implements a closed-loop management system for marketing staff, enhancing training and recognition through structured learning and practical engagement [2] - The company encourages employees to lead by example and integrate party activities with business operations to improve service quality [2] Group 2: Financial Services and Product Offerings - The company is actively involved in various pension-related products, including personal tax-deferred pension insurance and long-term care insurance, with a significant market presence [5] - It has developed a comprehensive elder care service ecosystem, offering both high-end community services and home care solutions to cater to diverse customer needs [5] - The company has established a national network of elder care facilities, with 10 operational communities and over 16,000 beds available [5] Group 3: Community Engagement and Social Responsibility - The company engages in various social initiatives, including educational support and community welfare programs, to promote social development and rural revitalization [3] - It has launched a series of consumer education campaigns aimed at protecting the rights of elderly clients and raising awareness about financial fraud [8] - The company has committed to significant financial support for local infrastructure and development projects, with nearly 100 billion yuan invested in various sectors [9] Group 4: Customer Service and Claims Management - In 2024, the company processed claims totaling 1.6 billion yuan, serving approximately 190,000 clients, with a high claim approval rate of 99.4% [9] - It has introduced user-friendly services for elderly clients, including simplified claims processes and dedicated support spaces in service centers [7] - The company emphasizes clear communication and risk assessment during the sales process to ensure products meet the needs of elderly customers [8]

Core Viewpoint - China Pacific Life Insurance Shandong Branch emphasizes a people-centered approach, focusing on high-quality development driven by strong party leadership and innovative financial services [1][10] Group 1: Party and Business Integration - The company promotes a "Lu Li Tong Xin" party culture brand, encouraging a spirit of hard work and collaboration among employees to enhance business quality [2] - A closed-loop management system for marketing staff is established, incorporating training and recognition to strengthen party member engagement [2] - The company fosters a culture of tackling challenges and integrating party work with business development to optimize service quality [2] Group 2: Social Responsibility and Community Engagement - The company actively participates in social welfare initiatives, including educational support and community service, to promote public well-being [3] - Financial literacy programs are organized to educate the community about financial products and consumer rights [3] Group 3: Pension Financial Services - China Pacific Life Insurance Shandong Branch offers a comprehensive pension product service system, collaborating with 16 institutions and nearly 20,000 agents to enhance public awareness of retirement planning [4] - The company leads the industry in the number of personal pension products available and addresses the growing demand for long-term care insurance [5] - The "Tai Bao Garden" community service model is established, with 10 operational communities and over 16,000 beds reserved for elderly care [5] Group 4: Rehabilitation and Medical Services - The company launched a rehabilitation brand "Yuan Shen Rehabilitation" to provide specialized medical services, with plans for a new hospital in Jinan by 2024 [6] - The rehabilitation network aims to offer high-quality care for various medical conditions, enhancing the overall healthcare service landscape [6] Group 5: Consumer Protection for the Elderly - The company implements user-friendly services for elderly clients, including simplified claims processes and dedicated support spaces in service centers [7] - Educational campaigns are conducted to raise awareness among elderly consumers about financial risks and fraud prevention [8] Group 6: Commitment to Economic Development - China Pacific Life Insurance Shandong Branch plays a crucial role in supporting local economic growth, with a total investment of nearly 100 billion yuan in various sectors by May 2025 [9] - The company has a strong focus on technology to enhance customer experience and ensure timely claims processing, with a claims payout of 1.6 billion yuan in 2024 [9]