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
Operating Expenses

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
Operating Expenses Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Operating Expenses CAGR 3Y CAGR 5Y CAGR 10Y
PICC Property and Casualty Co Ltd
HKEX:2328
Operating Expenses
-ÂĄ446.8B
CAGR 3-Years
-5%
CAGR 5-Years
-5%
CAGR 10-Years
-9%
Z
ZhongAn Online P & C Insurance Co Ltd
HKEX:6060
Operating Expenses
-ÂĄ30.8B
CAGR 3-Years
-18%
CAGR 5-Years
-18%
CAGR 10-Years
N/A
People's Insurance Company Group of China Ltd
SSE:601319
Operating Expenses
-ÂĄ490.1B
CAGR 3-Years
11%
CAGR 5-Years
0%
CAGR 10-Years
-4%
No Stocks Found

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 Operating Expenses?
Operating Expenses
-446.8B CNY

Based on the financial report for Jun 30, 2024, PICC Property and Casualty Co Ltd's Operating Expenses amounts to -446.8B CNY.

What is PICC Property and Casualty Co Ltd's Operating Expenses growth rate?
Operating Expenses CAGR 10Y
-9%

Over the last year, the Operating Expenses growth was -9%. The average annual Operating Expenses growth rates for PICC Property and Casualty Co Ltd have been -5% over the past three years , -5% over the past five years , and -9% over the past ten years .

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