PICC Property and Casualty Co Ltd
HKEX:2328

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PICC Property and Casualty Co Ltd
HKEX:2328
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Price: 11.98 HKD -1.16% Market Closed
Market Cap: 266.5B HKD
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PICC Property and Casualty Co Ltd
Retained Earnings

Last Value
3-Years 3-Y CAGR
5-Years 5-Y CAGR
10-Years 10-Y CAGR
Quarterly
Annual
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PICC Property and Casualty Co Ltd
Retained Earnings Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Retained Earnings CAGR 3Y CAGR 5Y CAGR 10Y
PICC Property and Casualty Co Ltd
HKEX:2328
Retained Earnings
ÂĄ191.6B
CAGR 3-Years
12%
CAGR 5-Years
12%
CAGR 10-Years
18%
Z
ZhongAn Online P & C Insurance Co Ltd
HKEX:6060
Retained Earnings
ÂĄ14.7B
CAGR 3-Years
0%
CAGR 5-Years
1%
CAGR 10-Years
N/A
People's Insurance Company Group of China Ltd
SSE:601319
Retained Earnings
ÂĄ213.6B
CAGR 3-Years
14%
CAGR 5-Years
18%
CAGR 10-Years
27%
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PICC Property and Casualty Co Ltd
Glance View

Market Cap
266.5B HKD
Industry
Insurance

PICC Property and Casualty Co Ltd, a key player in China's insurance sector, is part of the larger People’s Insurance Company of China group. Founded in 1949, the company has established itself as a leading provider of property and casualty insurance products, offering everything from auto insurance to liability and agricultural coverage. With a strong foothold in the world's second-largest economy, PICC has leveraged China’s rapid urbanization and growing middle class, positioning itself to capture a substantial share of the expanding insurance market. Its robust financial position is underpinned by a diverse portfolio of products and a strong distribution network, enabling it to meet the evolving needs of both individual and corporate clients. As investors look to capitalize on emerging market opportunities, PICC Property and Casualty stands out due to its strategic initiatives aimed at innovation and digital transformation. The company's commitment to harnessing technology allows it to streamline operations and enhance customer engagement, creating a competitive edge in an increasingly digital world. Additionally, PICC's prudent risk management practices, coupled with its government ties, bolster its stability against market fluctuations. By focusing on sustainable growth and expanding its market reach, PICC not only provides a solid investment with attractive long-term prospects but also plays a crucial role in contributing to the insurance industry's modernization in China.

Intrinsic Value
22.76 HKD
Undervaluation 47%
Intrinsic Value
Price

See Also

What is PICC Property and Casualty Co Ltd's Retained Earnings?
Retained Earnings
191.6B CNY

Based on the financial report for Jun 30, 2024, PICC Property and Casualty Co Ltd's Retained Earnings amounts to 191.6B CNY.

What is PICC Property and Casualty Co Ltd's Retained Earnings growth rate?
Retained Earnings CAGR 10Y
18%

Over the last year, the Retained Earnings growth was 6%. The average annual Retained Earnings growth rates for PICC Property and Casualty Co Ltd have been 12% over the past three years , 12% over the past five years , and 18% over the past ten years .

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