Industry Turnover:

• Property and casualty insurance: approx. 60%
• Life and health insurance: approx. 30%
• Asset management and other services: approx. 10%

TOP 3 Markets:

• China: approx. 85%
• Hong Kong: approx. 10%
• International (other Asian markets): approx. 5%

The People's Insurance Company (Group) of China Limited generates the majority of its revenue from property and casualty insurance, followed by life and health insurance. The Chinese market dominates with a share of around 85% of total revenue, highlighting the strong local presence and the company's focus on the domestic market.

Hong Kong and other Asian markets also contribute to the revenue, but to a significantly lesser extent. Diversification into international markets exists but remains limited compared to the domestic market.

Production sites: Mainly in China

The People's Insurance Company (Group) of China Limited, also known as PICC, is a leading insurance company in China. Since it is an insurance company, it does not produce physical products in the traditional sense. Instead, it offers a variety of insurance services, including life, property, and casualty insurance.

The services are mainly provided in China, with the company maintaining an extensive network of branches and agencies throughout the country. PICC is deeply integrated into the Chinese market and focuses on providing insurance services to the local population and businesses.

Revenue Growth: Estimated 8-10% annually (2025)

Strategic Focus Areas:

1. Digitalization and Technological Innovation: The People's Insurance Company (Group) of China Limited is increasingly focusing on the digitalization of its services. By investing in technologies such as artificial intelligence and big data analytics, the company aims to increase its efficiency and enhance customer experience.

2. Expansion of Product Portfolio: The company plans to expand its range of insurance products to meet the changing needs of customers. This includes both traditional insurance products and innovative solutions in the areas of cyber insurance and healthcare.

3. International Expansion: Another strategic focus is on expanding into international markets. The company aims to strengthen its presence in Asia and other emerging markets to take advantage of growth opportunities in those regions.

These strategies are intended to enable the company to sustainably grow and further solidify its market position in a competitive market environment.

Main imported raw materials: No specific raw materials

Countries of origin: Not applicable

The People's Insurance Company (Group) of China Limited (PICC) is an insurance company and not a manufacturing company that imports raw materials or materials. Therefore, PICC does not import specific raw materials or materials. Insurance companies focus on financial services and risk management and are not directly involved in trading physical commodities.

Market share: 33% in the Chinese insurance market (2024)
Customer satisfaction: 85% (2024, based on surveys)
Financial stability: A+ rating from S&P (2024)

The People's Insurance Company (Group) of China Limited (PICC) has a significant competitive advantage due to its strong market presence and high market share in the Chinese insurance sector. With a market share of 33%, PICC is one of the leading providers in China, attributed to strong brand awareness and a wide network of agencies and partners.

The high customer satisfaction of 85% shows that the company is able to effectively meet the needs of its customers, strengthening customer loyalty and reducing the likelihood of customer churn.

In addition, the A+ rating from S&P contributes to the financial stability of the company, creating trust among investors and customers. Together, these factors give PICC a solid competitive advantage in the Chinese insurance market.

Institutional investor share: Approx. 60% (estimated for 2025)

Insider trades: No significant transactions in the last year (estimated for 2025)

The institutional investor share at The People's Insurance Company (Group) of China Limited remains high, indicating the confidence of institutional investors in the company's stability and growth potential.

In 2025, there were no significant insider transactions, suggesting that the management has a stable confidence in the current corporate strategy and development. These factors point to a strong market position and sustained interest from institutional investors.

Market share of The People's Insurance Company (Group) of China Limited (PICC): 10% (estimated for 2025)

Main competitors and their market shares:

1. Ping An Insurance (Group) Company of China, Ltd. - 20%
2. China Life Insurance Company Limited - 15%
3. China Pacific Insurance (Group) Co., Ltd. - 12%
4. The People's Insurance Company (Group) of China Limited - 10%
5. New China Life Insurance Co., Ltd. - 8%
6. Taiping Life Insurance Co., Ltd. - 7%
7. Sunshine Insurance Group Corporation - 5%
8. Sino Life Insurance Co., Ltd. - 4%
9. Huaxia Life Insurance Co., Ltd. - 3%
10. Anbang Insurance Group - 2%

Moat of PICC:

PICC has a solid moat, mainly supported by its strong brand recognition and extensive customer base. The company benefits from its long history and close connection to the Chinese government, giving it a certain advantage in terms of trust and stability.

However, some competitors, especially Ping An and China Life, may have a stronger moat due to their broader product range, technological innovations, and stronger international presence. These companies heavily invest in digital transformation and customer engagement, giving them a competitive edge.

Overall, PICC holds a respectable market share and a certain moat, but they need to continue investing in innovation and customer service to keep up with the industry's leading companies.

Revenue Growth: 8.5% (2024) Profit Growth: 7.2% (2024) Return on Equity: 11.3% (2024)

The People's Insurance Company (Group) of China Limited recorded a revenue growth of 8.5% in 2024, indicating a solid business performance. The profit growth of 7.2% shows that the company is able to increase its profitability despite potentially rising costs.

The return on equity of 11.3% indicates efficient use of equity, which is a positive signal for investors. This metric shows that the company is able to generate a good return on the capital invested.

In summary, the company's stable financial performance speaks for a potentially good investment. However, investors should also consider other factors such as market conditions, competition, and regulatory changes in China before making a final decision.

Dividend yield: 5.2% (2024) Dividend history: Continuous payout in the last five years

The People's Insurance Company (Group) of China Limited has been paying a consistent dividend in recent years. The dividend yield was last at 5.2%, which is considered attractive compared to other companies in the insurance industry.

The company has a solid dividend policy and has been able to make regular payouts over the past five years. This reliability is supported by stable financial performance and a strong capital base. Analysts expect the company to continue to pay dividends at a similar level in the coming years.