PICC Property and Casualty Co Ltd
HKEX:2328

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PICC Property and Casualty Co Ltd Logo
PICC Property and Casualty Co Ltd
HKEX:2328
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Price: 12.36 HKD 3%
Market Cap: 274.9B HKD
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Net Margin
PICC Property and Casualty Co Ltd

4.9%
Current
6%
Average
7.6%
Industry

Net Margin measures how much net income is generated as a percentage of revenues received. It helps investors assess if a company's management is generating enough profit from its sales and whether operating costs and overhead costs are being contained.

Net Margin
4.9%
=
Net Income
22.8B
/
Revenue
468.5B

Net Margin Across Competitors

Country CN
Market Cap 274B HKD
Net Margin
5%
Country US
Market Cap 142.5B USD
Net Margin
11%
Country CH
Market Cap 111.5B USD
Net Margin
18%
Country JP
Market Cap 10.9T JPY
Net Margin
15%
Country US
Market Cap 55.1B USD
Net Margin
10%
Country US
Market Cap 51.8B USD
Net Margin
7%
Country ZA
Market Cap 42B Zac
Net Margin
8%
Country CN
Market Cap 272.6B CNY
Net Margin
5%
Country BM
Market Cap 34.9B USD
Net Margin
45%
Country CA
Market Cap 47.8B CAD
Net Margin
10%
Country JP
Market Cap 5.2T JPY
Net Margin
12%
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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

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What is Net Margin?

Net Margin measures how much net income is generated as a percentage of revenues received. It helps investors assess if a company's management is generating enough profit from its sales and whether operating costs and overhead costs are being contained.

Net Margin
4.9%
=
Net Income
22.8B
/
Revenue
468.5B
What is the Net Margin of PICC Property and Casualty Co Ltd?

Based on PICC Property and Casualty Co Ltd's most recent financial statements, the company has Net Margin of 4.9%.