PICC Property and Casualty Co Ltd
HKEX:2328
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PICC Property and Casualty Co Ltd
PICC Property and Casualty Co Ltd
Cash from Operating Activities
PICC Property and Casualty Co Ltd
Cash from Operating Activities Peer Comparison
Competitors Analysis
Latest Figures & CAGR of Competitors
| Company | Cash from Operating Activities | CAGR 3Y | CAGR 5Y | CAGR 10Y | ||
|---|---|---|---|---|---|---|
|
|
PICC Property and Casualty Co Ltd
HKEX:2328
|
Cash from Operating Activities
¥24.1B
|
CAGR 3-Years
62%
|
CAGR 5-Years
5%
|
CAGR 10-Years
-2%
|
|
|
Z
|
ZhongAn Online P & C Insurance Co Ltd
HKEX:6060
|
Cash from Operating Activities
¥1.7B
|
CAGR 3-Years
-18%
|
CAGR 5-Years
N/A
|
CAGR 10-Years
N/A
|
|
|
People's Insurance Company Group of China Ltd
SSE:601319
|
Cash from Operating Activities
¥80.7B
|
CAGR 3-Years
10%
|
CAGR 5-Years
33%
|
CAGR 10-Years
7%
|
|
PICC Property and Casualty Co Ltd
Glance View
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.
See Also
What is PICC Property and Casualty Co Ltd's Cash from Operating Activities?
Cash from Operating Activities
24.1B
CNY
Based on the financial report for Jun 30, 2024, PICC Property and Casualty Co Ltd's Cash from Operating Activities amounts to 24.1B CNY.
What is PICC Property and Casualty Co Ltd's Cash from Operating Activities growth rate?
Cash from Operating Activities CAGR 10Y
-2%
Over the last year, the Cash from Operating Activities growth was -25%. The average annual Cash from Operating Activities growth rates for PICC Property and Casualty Co Ltd have been 62% over the past three years , 5% over the past five years , and -2% over the past ten years .
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