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
Net Income (Common)

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
Net Income (Common) Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Net Income (Common) CAGR 3Y CAGR 5Y CAGR 10Y
PICC Property and Casualty Co Ltd
HKEX:2328
Net Income (Common)
ÂĄ22.8B
CAGR 3-Years
-2%
CAGR 5-Years
2%
CAGR 10-Years
8%
Z
ZhongAn Online P & C Insurance Co Ltd
HKEX:6060
Net Income (Common)
ÂĄ3.9B
CAGR 3-Years
68%
CAGR 5-Years
N/A
CAGR 10-Years
N/A
People's Insurance Company Group of China Ltd
SSE:601319
Net Income (Common)
ÂĄ25.6B
CAGR 3-Years
-6%
CAGR 5-Years
7%
CAGR 10-Years
14%
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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 Net Income (Common)?
Net Income (Common)
22.8B CNY

Based on the financial report for Jun 30, 2024, PICC Property and Casualty Co Ltd's Net Income (Common) amounts to 22.8B CNY.

What is PICC Property and Casualty Co Ltd's Net Income (Common) growth rate?
Net Income (Common) CAGR 10Y
8%

Over the last year, the Net Income (Common) growth was -24%. The average annual Net Income (Common) growth rates for PICC Property and Casualty Co Ltd have been -2% over the past three years , 2% over the past five years , and 8% over the past ten years .

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