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
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%
No Stocks Found

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 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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