Diversification and Growth Financial Performance
13
Chinese Mainland: Our "City Cluster" Model
Citic-Prudential Life (CPL) GWP, $bn¹
$0.7bn
$1.2bn
$1.0bn
3.6x
$2.0bn
$1.8bn
$2.2bn
$2.4bn
GWP
CAGR
GWP
Mix %²
CPL GWP
Market Share %
CPL
Agency
Channel³
CPL Banca
Channel³
(1H16-
1H22)
CPL
China
Market
1H16
1H22
# of
Agents
(,000)7
# of
Partners6
# of
Outlets
(,000)7
Rest
37%
28%
54%
0.09%4 0.41%4
5
10
10
3
Shanghai
Cluster
30%
14%
23%
0.15%4 0.47%4
1
27
1
GBA
18%
29%
12%
0.96%4 1.86%4
6
30
1
Beijing
Cluster
19%
29%
12%
0.88% 1.91%4
4
22
1
1H16
1H17
1H18
1H19
1H20
1H21
1H22
■Beijing Cluster ■GBA
■Shanghai Cluster ■Rest
Total
24%
100%
100%
0.31%5
0.77%5
16
55
16
Beijing Cluster = Beijing + Tianjin + Hebei
GBA = Guangdong (include Shenzhen branch), exclude Hong Kong & Macau
Shanghai Cluster = Jiangsu + Zhejiang + Shanghai + Anhui
Rest Rest of China (not including Beijing Cluster, GBA and Shanghai Cluster)
1. 100% CPL GWP under constant 1H22 exchange rate basis.
2. Based on 1H22 data for CPL and CBIRC China Market GWP data.
3. As at June-2022.
4. GWP market share represents market share of the cluster.
5. GWP market share is on a total industry basis.
6. Number of banca Partners does not cast as some bank partners are partners in several clusters.
7. Number shown to the nearest thousand.View entire presentation