People's Insurance Company Group of China Ltd
SSE:601319

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People's Insurance Company Group of China Ltd
SSE:601319
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Price: 7.01 CNY -4.23% Market Closed
Market Cap: 248.8B CNY
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People's Insurance Company Group of China Ltd
Retained Earnings

Last Value
3-Years 3-Y CAGR
5-Years 5-Y CAGR
10-Years 10-Y CAGR
Quarterly
Annual
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People's Insurance Company Group of China Ltd
Retained Earnings Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Retained Earnings CAGR 3Y CAGR 5Y CAGR 10Y
People's Insurance Company Group of China Ltd
SSE:601319
Retained Earnings
ÂĄ213.6B
CAGR 3-Years
14%
CAGR 5-Years
18%
CAGR 10-Years
27%
Z
ZhongAn Online P & C Insurance Co Ltd
HKEX:6060
Retained Earnings
ÂĄ14.7B
CAGR 3-Years
0%
CAGR 5-Years
1%
CAGR 10-Years
N/A
PICC Property and Casualty Co Ltd
HKEX:2328
Retained Earnings
ÂĄ191.6B
CAGR 3-Years
12%
CAGR 5-Years
12%
CAGR 10-Years
18%
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People's Insurance Company Group of China Ltd
Glance View

Market Cap
248.8B CNY
Industry
Insurance

People's Insurance Company Group of China Ltd. (PICCG) stands as a prominent player in the Chinese insurance landscape, with a rich history that dates back to its inception in 1949. Over the decades, the company has evolved into a diversified financial services provider, offering a comprehensive suite of insurance products, including life, health, property, and casualty insurance. As one of China’s largest state-owned insurers, PICCG has benefited from its strong affiliations with government policies and initiatives, allowing it to maintain a robust market presence. The company's strategic focus on innovation and digital transformation has positioned it well in an increasingly competitive industry, where it strives to enhance customer experience and operational efficiency. For investors, PICCG represents a compelling opportunity, not just due to its extensive market penetration but also its commitment to sustainable growth. The company’s expansive distribution network, combined with its investment capabilities, enables it to effectively manage risks and optimize returns. Moreover, as the Chinese economy continues to grow and the demand for insurance products rises, PICCG is poised to capitalize on these trends. With strong fundamentals, a seasoned management team, and a proactive approach to adapting in a shifting regulatory environment, investing in PICCG offers the potential for long-term value creation amidst the backdrop of an evolving global insurance market.

Intrinsic Value
12.84 CNY
Undervaluation 45%
Intrinsic Value
Price

See Also

What is People's Insurance Company Group of China Ltd's Retained Earnings?
Retained Earnings
213.6B CNY

Based on the financial report for Jun 30, 2024, People's Insurance Company Group of China Ltd's Retained Earnings amounts to 213.6B CNY.

What is People's Insurance Company Group of China Ltd's Retained Earnings growth rate?
Retained Earnings CAGR 10Y
27%

Over the last year, the Retained Earnings growth was 10%. The average annual Retained Earnings growth rates for People's Insurance Company Group of China Ltd have been 14% over the past three years , 18% over the past five years , and 27% over the past ten years .

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