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: 12.36 HKD 3% Market Closed
Market Cap: 274.9B HKD
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PICC Property and Casualty Co Ltd
Other

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

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Other CAGR 3Y CAGR 5Y CAGR 10Y
PICC Property and Casualty Co Ltd
HKEX:2328
Other
-ÂĄ1.2B
CAGR 3-Years
N/A
CAGR 5-Years
30%
CAGR 10-Years
19%
Z
ZhongAn Online P & C Insurance Co Ltd
HKEX:6060
Other
-ÂĄ285.5m
CAGR 3-Years
-67%
CAGR 5-Years
N/A
CAGR 10-Years
N/A
People's Insurance Company Group of China Ltd
SSE:601319
Other
-ÂĄ3B
CAGR 3-Years
-26%
CAGR 5-Years
9%
CAGR 10-Years
6%
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PICC Property and Casualty Co Ltd
Glance View

Market Cap
274.9B HKD
Industry
Insurance

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.

Intrinsic Value
22.5 HKD
Undervaluation 45%
Intrinsic Value
Price

See Also

What is PICC Property and Casualty Co Ltd's Other?
Other
-1.2B CNY

Based on the financial report for Jun 30, 2024, PICC Property and Casualty Co Ltd's Other amounts to -1.2B CNY.

What is PICC Property and Casualty Co Ltd's Other growth rate?
Other CAGR 10Y
19%

Over the last year, the Other growth was -62%.

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