Investor Presentaiton
Strong Operational Capabilities and Prudent Balance Sheet
Move to Regular Premium Products
First Year Regular Premium as % of New Business Premium
AIN
Strong and Consistent Persistency
Persistency Ratio
70%
50%
100%
90%
100%
90%
80%
80%
30%
2016
2017
2018
2019
2020
2018
2019
13-month
2020
2018
2019
25-month
2020
Shifting to Longer-term, Higher-margin Product Mix
New Business Premium by Product Type
Long-term
Savings with
Protection¹
O
Savings
Prudent Balance Sheet
Investment Portfolio
Others
3%
Alternatives
2%
Equity
12%
1Q 2021
Notes: All figures are as of end 2019 unless otherwise stated. Source: China Post Life company data.
1. Includes whole life, term life and long-term health.
2020
Fixed
Income
83%
Robust Risk Management
■
No negative spread business
◉
No non-performing assets
■
Assets and liabilities closely matched
~2% alternative assets
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