Picc Property & Casualty Co., Ltd. Class H · HKEX:2328
Picc Property & Casualty Co., Ltd. Class H — FY2025 Earnings Presentation
35 slides from Picc Property & Casualty Co., Ltd. Class H's earnings presentation, Mar 26, 2026
Slide 1: PICC 2025 Annual Results Presentation
PICC FEA RR fr Bt ‘PHAR 601319.SH 4+] APePROSRH 1339.HK ESN 2328.HK 2025 FESR A (i nig if mm an ro I aera td {LOC bro HOTEL IT 0 bm us A ui HES SEIT See Baga EES | iil
Slide 2: BUISMASARBRNAH, SHAT, PY RISE FORMER:
BUISMASARBRNAH, SHAT, PY RISE FORMER: AURA IAFL rh LI ELA BCR ABR AT C2)” AEA BR A RT EE i TEE, EE, se Rete TEM HE HIE UH TBR A ASIA OR LE, CE lA 2 ASIN ARRAS FT EL RIE fm A 2ST ACSIA HAS RL A PR AA RAE fA IS LIE PARRA LEME TCETHRARARA) o AERA TRMRT RES BR, Te, 18K, WENIBIE, FIRMA S RETA, ARETE TIT
Slide 3: MAVEN: FARE 2023 4F 1A BRAT CREAT HEISE 255—RAIAD) (HZ (2020) 205) . STEMS
HM MAVEN: FARE 2023 4F 1A 1 BRAT CREAT HEISE 255—RAIAD) (HZ (2020) 205) . STEMS 22 5— eT it) GU (2017) 75). Cb THEMIS 23 S—pemAP He) «(se (2017) 8S) te UH HEMISS 24 5— BWI) UR (2017) 9 5) Al CRAIN 37 S— AACA) (Ee (2017) 145) . IBZ EA: FeASRE (202222 IRS) TEN IRA, ARAL CONSENS 25 SRA) (i [2006] 3 &)
Slide 4: 2025 Results Review
202646 HATE oN
Slide 5: Key results highlights
PRISIR SSH A, VA REP AE VAR {ere {076 {ore 202548 +6.1 % macs +8.8 % pay 3,090 +1 5.0 % 202448 5377 A 202448 ED a yee 2,087 a geet tees ei) BRB SERIE (aH) (et 1276 I os I 434.9, =o ED 412.4 oo ED 422.2 «> 7 > 7 <TD 7
Slide 6: PICC group overview and key indicators
ti et Cee PALINVy, c01s19-SH MME Acileli ra 1939. | GUE 2328.HK | 21% * 80> *39% ALPE aLkWDRR RP MLLTDORR RB . Bp ea BAD (276 : ee 384600125 i 3814, 000127 = WT ab A : : SALOME 97.6% ers eee 9231Z% j Tepes a Ae Se BG allie
Slide 7: 1.1 Overall results
1.1 WSK AE EERIE, WAT BRIBE A, KE BPREULA tx +6. ° ox +3.3% “x +417.8% i id Th ° ia 20244F 20254F 202446 202548 2024¢F 202548 SU Bah 5% HE, KERALA HE HABE 5 CBR A “ ; ae sia EeBEA 4 gga, caasiee 22.2% pale Te és AS AAA Wa ORB He + 1.0pp 70.4% alia 10.0% Pea + 2.4pp BE CSUR, “UN” Joa, REAR
Slide 8: Business structure
/ 12 WW 35 A SEG PRA NY AS Hp I] Rea RS STUER A Ge PRBLMLA 25677xz * 8.7% 2117 38.1% Se eee ate 6 O », Aste 4 50 AS AF ASK ft, 60.8% 39.2% 49.8% 50.2% SRE A EL Rv AEE
Slide 9: 1.3 Underwriting
1.3 HAA Pa AF Be ARR ARSE FARA 2412.50 AAR ES BH LL A 414.5% * 75.6», xem) 44.6 pp Fa a A Sek Ra 151 278 ; aoa 202586 202446 Er AI | 1,127 HW SH ersten = 302 25 WEARS RAY 45 +#20.5% ess Fa (Re 1 a RRS RRA a aq 4eE 20254 20254F ACA URIS S| 202: TE: PRBDARS MUSED T ELAR PRIS 8 AY — 2: ASA, Renee
Slide 10: 1.4 Investment and capital
1.4 BARS NT ae SRA ET to ea ee ® 14.4% 10.8% az 2,884 20244695 20254898 202447 AR 20255FAC FETS ex BERR BETS ex ® 39.6% ® 62.3% 202456 AR 20258RAC 202446 202586 AE RAENHED BORNE — RARMTEILK 201. 250», ARB ARE AP RMEBIBE BOE RIIFER = SREPANHEAIFERLR (%) 213 134 141 (%) 232 202 268
Slide 11: 1.5 Technology and digital
1.5 PHVA IR WRC me AZS rece, “soKe” maa BER RAEI ERR — SRT PRB, SP RIM, HARP COURS ER BAL TEMBER T. eH REK) “eR Mb Re (ee ES BE Re PRAM A—SRIM, WSR, =SR2 TK KERARUT Skit “OMT E+” FTN AIRED A 5D o, ALC A 7D % HL DET AT HR RA “A RR, SEAMED % BED A ASRS EAE 2 EEA ISO27001 iE ACA RL ARS Re HOA AT Seam e
Slide 12: PODER IAB RL
7 16 PODER IAB RL g AR SEER (~ anamanunas SCS Bae ER Bs es Ll © SHR Aes FD Be ts Ha) Sj FE PRC ELF A A Fi PRK SPREE AL AREF ZS A ae Pa RH PPAR UL » URE ESE AEB RR IRA A” ARK “Se GRE” AMER SLAY FO LS J BB HL TRATEEEARE IE “PEFR” ALi Fe Hb LB
Slide 13: 1.7 Social responsibility (1/2)
fo47 AVEAKAY RIE (1/2) x PUR AEE RS aS e0S}-—~ Sh A a OS Bist WEA SZ 3,648 scx 4,729 vx 14.9% ALABIZ + mR * afrucettie * ARs A RE it El BRS HF + PERE QIZ Fe ale st PAS ASS ANE 3 fee a RE IA at Bak maer2Q OOO .« IRENA PT BOOT IRB PH ZOO RK Sa (Man) — HS AT SRL BR RBA Be GE i % RIAA OO(ZIE ALR RAEFRAL
Slide 14: 1.7 Social responsibility (2/2)
1.7 REVERE (2/2) Ra Sa . RAL ERM267 5127 RHESHA - ARBRE SC @ 34.3% ae < AALUR NG EER MIS 1 ZI ses MH 29.4% etm —. a 5 . EA Ae A spy ° MSCI ESGIPRAAAM, < ASE AN SE At eo ee Fk en SRR ys Selgin BEA “ADE AAT | RRL ONEO HR + ATEN A 79% © Baxe “APREUAE Mbdee” , SER1001Z70 + AR im (aby Hue PH PEE 2 77 (ZC
Slide 15: 1.8 Multi-year trends
1.8 SUT Fse e ARLE AEL {C5t {25t * _ gi * a 41.4% a7 18.8 % ope ae 20234F 20244% 20254: 20234 20244 20254 202348 20245% 202546 (270 TERK RAE ASAE HE ALBEE Cit a, 28.9% er 54.9% i 44.7% ope o& ope 202348: 202486 202546 202346 202406 202508 20238 2024 202546
Slide 16: 2025 Business Analysis
IR Mk 8 20264F HALE oN
Slide 17: 2.1 Overall performance
7? Pek: ULE PRR LA, Piz oP ay” 5,116 ci 403 x 2,884 45.4, 2 +21.45, 2 410.8% 7 RAMA ROE ess PERU cons 97.6% 14.7>. 0.68 & 0.9, +1.2p 2 +25.9,, 7
Slide 18: 2.1 Business performance indicators
/ 2A 7S E SON PRIMA Bade IS WTAE SPIRE TT FF HM PREM A RAFRAMA RA RA 3,057(25. @ 2.8%) | 2264025 @ 3.3%) | 20.9% © 3.3 pp PrAGUR Ze RELA, RARER ALL FRA MAR 6741256 31.9%) 74.7%, @ 0.4 pp! 95.3% © 1.5 pp MAE RE A LL RARE FRARAN TS 22.1 % * 4.90) 77.59, * 0.5 pp 1431276 * 53.6%
Slide 19: 2.1 Business performance indicators
/ 2A JEWS RU | mar 15.0% | BEER @ 44.ax| aur ® 14.6% niersrisme ® 2.6pp | ai, * 11.6%) AGP @ 14.7% FRR @ 11.9% | HemKH © 4.4pp ie * 34.9% HE: VSR, HAS ARAB Ah RAT HEMI EMIT eed
Slide 20: 2.1.3 Financial indicators
/ 2413 NED eee Va a er Mec tr ae BARONE ex 10.8% # 7.6 % 18.1% 20245 202548 20244 AR 202548 AR 20244 20254 \ ( UR Ws (ARBRE de Pete EL REPRE A FEL ® 1.2 pp 1.6 pp 2024 il 20244 A 20254 a a oie eee Bie ee
Slide 21: Premium income by line
A FEE: WLM FRO IR LA, 253 . #13.2% A SSR BLA, 1,019 zi +#21.0%. A ° S88 tex teri os 5% 1,045 x FARA ILE +12.9% 2 . 4s | 174 x +22.8% A 552 +39.6%
Slide 22: 2.2.1 Motor insurance
2.2.1 BARBS _* PLS Os aks He (exe PRERBOA , 2601276 some 3: i: dion & 64.5% MiEMiemes36Zzn * 32.4% Z i = EJ sERessZ 8 =F 16.1% EMA ex ACHE we » 5.0% > 3.3% HEEB SH80.9% F 1.4 pp FI 5 i. 20244878 2025087 2024487 20258 AR De SASHA. SSO, AROSE, AMT
Slide 23: 2.2.2 Non-motor insurance
2.2.2 TRIBE HA KH RRL FRIRULA 6831270 33.5% ° PEM 289Z =F 66.3% ° BSGRRAHSS.7% 24.5pp ° -BALSOMAET IC % 102.3% © BASED t 3.5 pp tas FARBER © EAE HSE ORBEA t 79.3% © RNS OME * 50.3% © PER A RBA * 24.6% AOE RRA, 540127c 5.4% © FESR DL ESOS HBA ea % 27.8% eI % 32.4% © ASUS SIZ TE F 30.4% * BRULEE t ATR
Slide 24: Other business lines
7 | EER: WL SERREE PREIS L A, 304 zx +11.8% FUR IL Bp 234 +16.0% > y WIERD A, 264 +26.9%, 7 Ls RSS Hea 128 x +16.8, 7
Slide 25: 2.3.1 Business indicators
/ 23.1 WAS BEAR ITBETT _9 Peace MSO we (REM ASE3IZ7G sw ee > 2.0 pp D> 22.5% MEIO4zZ Ff 56.0% | | a a 202448 2025%F 20244F 2025¢F sNReOT. % 13.3% AROS HE ee > 30.0% & 27.9% WARE HHt46.9% 4.2pp a 20245 20254F A 202446 AR 20254646 TE: SLANE. AIS OTE, ARO OE, Ae PT EE
Slide 26: 2.3.2 Business indicators
/ 2.32 JUVE SRO —— PPR = ——, AAP R RE MLS ° ARM ° FR een * Ke HGS CUSTER ; 20427 eal 37.575 # 16.6% a ice Eee eN aia sia * 77.4% BRMLAU A RRMA 65.512 waeen % 18.7% aie 565 5A * 34.4% ECT RIBAS - HAO IS i » AUR 952 FAK 16:35 PSAEI SERB 34.415 F 40.3 % ae + 17.2% Ba ER ERA H], AEP SEAT ER IT RRS, FF a
Slide 27: Investment performance
a ee Lo PR eR 1.9 5125 +15.8 % SR UR 41201 51070 pea aner 587 x +2.5% r DB PSE aa eind 923 412.45, 7 TPL BIE SE BR 30.4 « RL ATESO0FBRL9.5 pp Beas 5.7 % PREP BE OCI BEE Fr hat 8 19.2. RP R002 AS 17.7 pp
Slide 28: 2.4.1 Investment strategy
2.4.41 EIRENE BERS eres RBH s ATER TB BE Uvenesana BRE © WUT ARDC E, Fen “OHI o) RAN” BREA ERA AR, SCE CS Bit im YEN AOC RASA ARES .0%, AR mM BWA © (NBEO, PESRIMSIIRIINCR EL, HR. LU EE, UT REI ULE + TE ESO, AAU, PURER, BUA BCrEt Git 24pp + ROU (MAREN, ONT CERMARAL A, TOBA MRC Eh REELS BRE, IAEA @ a0
Slide 29: 2.4.2 Investment strategy
2.4.2 RGA) OO > ABNSIIGH400(Z7, Ree SL *4.3 pp ° PRES RRS RACHA, BoD 12521 OO(ZTE NRA BEF » RRM “BUPA” RAE, FED GREP REN aT > BONWIT RRR AY ABE 2-H RSME see, 100/270 SAMA TERM + HE “RAT RR” — MOR, BARS: WRAMABSRTMMOSIZ7c, AE CR EE iL © RAP RESTS “THAAD” BS . =. SSR SERIE 7,500(2% » ARREST MIM 914.3
Slide 30: 2026 Outlook
20264F HALLE _
Slide 31: 2026 Outlook
202646 Hi LE DURE Kt DMR Ket a - ASS AIRE nee, hase OMe RIE ean SOREN «HRI “IRA” BU + AR Fe E RRR mAb MARRERO IFAW FE AB BmBAE » AACE + Te AO SEA + RPS DLE + HVS EE rk STUB he aE + HS SAS » RRA VLAD - HZ DHL AHAS + FET ARS AED » BPR PIE + BEAL UR RCC OF + FARR > BEE TEAAMAL RSL FRR A SH fil BBE 3
Slide 32: Thank you
\ ism py aN
Slide 33: Appendix: Net profit reconciliation
Bet: FR) 2 1 PEE DAA Bs 2 HE EB wi PREM AT EM SRL A 35H HE EH BP: REAR RE LE a RAE BE FREER SSE JURE RES BARA ATES 202546 202446 46,646 42,869 79 -957 -498 -20 239 46,207 42,151 aa: ATARI VAN BE ZS BEAR AN #20254F12310 9820244712310 308,991 268,733 257 178 -65 -45 309,183 268,866
Slide 34: Appendix: Key financial indicators
I: SRA Sie CATE) (HAAR, M7CR EER) 202548 202446 FANE) PRBSARAS LA, 570,717 537,709 6.1% Sip: APR 511,594 485,223 5.4% OS da 25,337 22,384 13.2% ARBRE 30,433 27,217 11.8% AAG 74,506 70,618 5.5% PRT AR BRA 46,646 42,869 8.8% feb CO it) 1.05 0.97 8.8% ATSDR Wat 16.1% 16.7% BROCE SR stp aie Gnd 5.7% 5.8
Slide 35: Appendix: Key financial indicators
BY: BAERS RS (ERSTE) (HATA, MCR IEW) 20254 20244 Bibce'did FARSI MLA, 570,717 537,709 6.1% Hop: AGRE 511,594 485,223 5.4% RAB 25,337 22,384 13.2% ARBRE 30,433 27,217 11.8% Bi A 73,952 69,232 6.8% FBT A BARA 46,207 42,151 9.6% fp eme OA Beit) 1.04 0.95 9.6% MASTS We a 8 15.9% 16.4% FRO. Fa petites de
PICC Property and Casualty Company — FY2025 Earnings Presentation on 6ix