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: 7.65 CNY -0.39% Market Closed
Market Cap: 271.6B CNY
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People's Insurance Company Group of China Ltd
Tax Provision

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

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Tax Provision CAGR 3Y CAGR 5Y CAGR 10Y
People's Insurance Company Group of China Ltd
SSE:601319
Tax Provision
-ÂĄ3.6B
CAGR 3-Years
12%
CAGR 5-Years
-30%
CAGR 10-Years
2%
Z
ZhongAn Online P & C Insurance Co Ltd
HKEX:6060
Tax Provision
-ÂĄ69.7m
CAGR 3-Years
N/A
CAGR 5-Years
N/A
CAGR 10-Years
N/A
PICC Property and Casualty Co Ltd
HKEX:2328
Tax Provision
-ÂĄ3.1B
CAGR 3-Years
11%
CAGR 5-Years
-15%
CAGR 10-Years
0%
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People's Insurance Company Group of China Ltd
Glance View

Market Cap
271.6B CNY
Industry
Insurance

People's Insurance Company Group of China Ltd. (PICC), entrenched at the heart of China's financial ecosystem, weaves an intricate tale of growth and resilience. At its inception in 1949, PICC was part of a strategic national effort to build a strong domestic insurance framework. Over time, it has evolved into a comprehensive insurance giant, with formidable operations spreading across life insurance, property and casualty insurance, health insurance, and reinsurance. This transformation mirrors China's broader economic narrative, characterized by rapid modernization and adaptation. PICC's extensive network crisscrosses the vast Chinese landscape, enabling it to cater to diverse clientele, ranging from individual policyholders in rural areas to massive industrial enterprises in urban centers. The financial lifeblood of PICC flows from its diverse portfolio of products and services. Primarily, the company generates revenue from premiums collected across their myriad insurance offerings. Its property and casualty segment, notably dominant, distributes a wide spectrum of covers from automobile to agricultural insurance, meeting the needs of China's burgeoning middle class and its critical agrarian base. Moreover, PICC strategically invests the premiums it collects, navigating through equity, bond, and other financial markets to maximize returns. This investment income forms a significant part of its revenue stream, providing a buffer against insurance claim liabilities. Through this blend of underwriting proficiency and investment acumen, PICC remains not just a chronicler of risk but also a pivotal player in China's economic symphony.

Intrinsic Value
19.58 CNY
Undervaluation 61%
Intrinsic Value
Price

See Also

What is People's Insurance Company Group of China Ltd's Tax Provision?
Tax Provision
-3.6B CNY

Based on the financial report for Jun 30, 2024, People's Insurance Company Group of China Ltd's Tax Provision amounts to -3.6B CNY.

What is People's Insurance Company Group of China Ltd's Tax Provision growth rate?
Tax Provision CAGR 10Y
2%

Over the last year, the Tax Provision growth was 33%. The average annual Tax Provision growth rates for People's Insurance Company Group of China Ltd have been 12% over the past three years , -30% over the past five years , and 2% over the past ten years .

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