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

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People's Insurance Company Group of China Ltd Logo
People's Insurance Company Group of China Ltd
SSE:601319
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Price: 7.68 CNY 1.59% Market Closed
Market Cap: 272.6B CNY
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People's Insurance Company Group of China Ltd
Investor Relations

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.

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Earnings Calls

No Earnings Calls Available

Management

Mr. Peng Zhao
Vice Chairman & President
No Bio Available
Mr. Zhuyong Li Ph.D.
VP, Chief Risk Officer, Responsible Compliance Officer & Executive Director
No Bio Available
Mr. Jianyou Xiao
VP & Executive Director
No Bio Available
Ms. Xiangqun Ding
Executive Chairperson
No Bio Available
Mr. Houjie Zhou
CFO & Financial Controller
No Bio Available
Mr. Qing feng Shi
Head of the Discipline Inspection & Supervision Team of the People's Insurance Group
No Bio Available
Mr. Liduo Shao
President of Health
No Bio Available
Mr. Hua Shang
Vice Chairman of the Health Department
No Bio Available
Ms. Sau Mei Ng ACIS, ACS, FCIS, FCS
Company Secretary
No Bio Available
Mr. Anping Fu Ph.D.
Vice Chairman & President of PICC Life
No Bio Available

Contacts

Address
BEIJING
Beijing
No. 88 West ChangAn Street, Xicheng District
Contacts
+861069009192.0
www.picc.com