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 Interest Paid
PICC Property and Casualty Co Ltd
Cash Interest Paid Peer Comparison
Competitors Analysis
Latest Figures & CAGR of Competitors
| Company | Cash Interest Paid | CAGR 3Y | CAGR 5Y | CAGR 10Y | ||
|---|---|---|---|---|---|---|
|
|
PICC Property and Casualty Co Ltd
HKEX:2328
|
Cash Interest Paid
¥975m
|
CAGR 3-Years
-18%
|
CAGR 5-Years
N/A
|
CAGR 10-Years
N/A
|
|
|
Z
|
ZhongAn Online P & C Insurance Co Ltd
HKEX:6060
|
Cash Interest Paid
¥312.8m
|
CAGR 3-Years
38%
|
CAGR 5-Years
N/A
|
CAGR 10-Years
N/A
|
|
|
People's Insurance Company Group of China Ltd
SSE:601319
|
Cash Interest Paid
N/A
|
CAGR 3-Years
N/A
|
CAGR 5-Years
N/A
|
CAGR 10-Years
N/A
|
|
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 Interest Paid?
Cash Interest Paid
975m
CNY
Based on the financial report for Jun 30, 2024, PICC Property and Casualty Co Ltd's Cash Interest Paid amounts to 975m CNY.
What is PICC Property and Casualty Co Ltd's Cash Interest Paid growth rate?
Cash Interest Paid CAGR 3Y
-18%
Over the last year, the Cash Interest Paid growth was 10%. The average annual Cash Interest Paid growth rates for PICC Property and Casualty Co Ltd have been -18% over the past three years .
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