PICC Property and Casualty Co Ltd
HKEX:2328
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PICC Property and Casualty Co Ltd
PICC Property and Casualty Co Ltd
Retained Earnings
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
¥191.6B
|
CAGR 3-Years
12%
|
CAGR 5-Years
12%
|
CAGR 10-Years
18%
|
|
|
Z
|
ZhongAn Online P & C Insurance Co Ltd
HKEX:6060
|
Retained Earnings
¥14.7B
|
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
¥213.6B
|
CAGR 3-Years
14%
|
CAGR 5-Years
18%
|
CAGR 10-Years
27%
|
|
PICC Property and Casualty Co Ltd
Glance View
In the bustling financial ecosystem of China, PICC Property and Casualty Co Ltd emerges as a stalwart in the insurance sector, tracing its roots back to its parent company, the People's Insurance Company of China, founded in 1949. A major player in the property and casualty insurance market, PICC P&C primarily focuses on generating revenue through underwriting policies that cover a spectrum of risks ranging from automobiles to commercial properties and liability insurance. Its vast distribution network, leveraging both traditional agents and digital platforms, enables it to reach a diverse clientele across urban and rural landscapes. This robust mix of accessibility and extensive service offerings positions PICC P&C as a versatile insurer in the increasingly complex Chinese market. Financially, PICC P&C thrives on managing the delicate balance between premium income and claims payout. It collects premiums from policyholders upfront, using meticulous risk assessment strategies to ensure that claims remain lower than the premiums collected over time. Investment income from the premiums is crucial to their business model, allowing the company to allocate funds towards bonds, equities, and other financial instruments. However, the real art lies in their actuarial abilities—deep analytical prowess aids in both pricing their products competitively and maintaining reserves that buffer against unforeseen large-scale claims. This dual approach not only ensures profitability but also fortifies customer trust, entrenching PICC P&C as a reliable partner in risk management.
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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