Page 1

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement , make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement . 馄 中国 人民 财产 保险 股份有限公司 PICC PROPERTY AND CASUALTY COMPANY LIMITED ( a joint stock limited company incorporated in the People's Republic of China with limited liability ) ( Stock Code : 2328 ) UNAUDITED RESULTS ANNOUNCEMENT FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2021 This announcement is made by PICC Property and Casualty Company Limited ( the “ Company ” ) pursuant to the Inside Information Provisions ( as defined in the Listing Rules ) under Part XIVA of the Securities and Futures Ordinance ( Chapter 571 of the Laws of Hong Kong ) and Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited ( the " Listing Rules " ) . The Board of Directors of the Company announces the unaudited results for the nine months ended 30 September 2021 of the Company ( exclusive of subsidiaries ) . The financial information included in this announcement was prepared in accordance with the PRC Accounting Standards for Business Enterprises and has not been audited . I. Financial Summary Gross written premiums Underwriting profit Total investment income¹ Profit before income tax Net profit Nine months ended 30 September 2021 RMB million 2020 Change % RMB million 346,657 344,881 0.5 3,204 4,880 -34.3 21,661 17,457 24.1 23,654 21,126 12.0 19,992 17,344 15.3 As at As at 31 December Change 2020 % RMB million 707,282 511,356 195,926 643,528 9.9 456,140 12.1 187,388 4.6 Total assets Total liabilities 30 September 2021 RMB million Total equity Note : 1. Total investment income = investment income + gains or losses on fair value changes + interest income from demand deposit + lease income - impairment losses of investment assets 1