People's Insurance Company Group of China Ltd
SSE:601319
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People's Insurance Company Group of China Ltd
People's Insurance Company Group of China Ltd
Capital Expenditures
People's Insurance Company Group of China Ltd
Capital Expenditures Peer Comparison
Competitors Analysis
Latest Figures & CAGR of Competitors
| Company | Capital Expenditures | CAGR 3Y | CAGR 5Y | CAGR 10Y | ||
|---|---|---|---|---|---|---|
|
|
People's Insurance Company Group of China Ltd
SSE:601319
|
Capital Expenditures
-¥3.5B
|
CAGR 3-Years
29%
|
CAGR 5-Years
11%
|
CAGR 10-Years
N/A
|
|
|
Z
|
ZhongAn Online P & C Insurance Co Ltd
HKEX:6060
|
Capital Expenditures
-¥770.1m
|
CAGR 3-Years
-42%
|
CAGR 5-Years
-21%
|
CAGR 10-Years
N/A
|
|
|
PICC Property and Casualty Co Ltd
HKEX:2328
|
Capital Expenditures
-¥2.8B
|
CAGR 3-Years
28%
|
CAGR 5-Years
N/A
|
CAGR 10-Years
N/A
|
|
People's Insurance Company Group of China Ltd
Glance View
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.
See Also
What is People's Insurance Company Group of China Ltd's Capital Expenditures?
Capital Expenditures
-3.5B
CNY
Based on the financial report for Jun 30, 2024, People's Insurance Company Group of China Ltd's Capital Expenditures amounts to -3.5B CNY.
What is People's Insurance Company Group of China Ltd's Capital Expenditures growth rate?
Capital Expenditures CAGR 5Y
11%
Over the last year, the Capital Expenditures growth was 45%. The average annual Capital Expenditures growth rates for People's Insurance Company Group of China Ltd have been 29% over the past three years , 11% over the past five years .
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