Industry revenues:

• Motor vehicle insurance: approx. 60%
• Non-motor vehicle insurance: approx. 40%

TOP 3 markets:

1. China: approx. 85%
2. Hong Kong: approx. 5%
3. International markets: approx. 10%

PICC Property and Casualty Company Limited generates the majority of its revenues from motor vehicle insurance, which is typical for many insurance companies in China. The domestic market China dominates the revenue distribution, reflecting the strong market presence and focus on the domestic insurance market. Hong Kong and international markets also contribute to the revenues, but to a significantly lesser extent.

Main production sites: China

PICC Property and Casualty Company Limited is a leading insurance company in China and does not produce physical products in the traditional sense. As an insurance company, it offers services that are mainly developed and managed in China.

The focus is on providing insurance services, including motor, property, and liability insurance. The management and development of these services are carried out through offices and branches in various regions of China.

Growth Strategy: Diversification and Digitalization (2025)

PICC Property and Casualty Company Limited is pursuing a strategy of diversification and digitalization to secure future growth. The company plans to expand its product range, especially in the area of specialized insurance products, in order to tap into new customer segments.

Another focus is on digitalization. PICC is investing in modern technologies to increase efficiency and enhance the customer experience. This includes the implementation of AI-based systems for claims processing and improving risk assessment.

Additionally, the company aims to expand its international presence to take advantage of global market opportunities. This involves strategic partnerships and potential acquisitions in emerging markets.

Main Imported Raw Materials: Insurance-related services and technologies

Countries of Origin: USA, Germany, Japan

PICC Property and Casualty Company Limited is a leading insurance company in China that is mainly engaged in providing insurance services. Unlike manufacturing companies, PICC does not import physical raw materials. Instead, the company focuses on importing insurance-related services and technologies to improve its operational capabilities and efficiency.

These services and technologies are often sourced from developed markets such as the USA, Germany, and Japan, where advanced insurance technologies and solutions are developed. These imports help PICC optimize their insurance products and remain competitive.

Market Share: 33% (2024, estimated)
Combined Ratio: 98% (2024, estimated)
Risk-Based Capital Ratio: 250% (2024, estimated)

PICC Property and Casualty Company Limited is one of the leading providers in the Chinese insurance market, especially in the property and casualty insurance sector. With an estimated market share of 33% in 2024, the company demonstrates a strong presence and a significant competitive advantage over its competitors.

A combined ratio of 98% indicates that the company operates efficiently, as it spends less than 100% of its premium income on claims payments and operating expenses. This is an indicator of solid operational performance.

The risk-based capital ratio of 250% shows that the company has a strong capital base, highlighting its ability to cover unexpected losses and meet regulatory requirements. This financial stability is another competitive advantage that strengthens customer and investor confidence.

Overall, PICC benefits from its established market position, operational efficiency, and strong capital base, giving the company a significant competitive edge in the Chinese insurance market.

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

Insider purchases/sales: No significant changes reported (2025)

The institutional investor share in PICC Property and Casualty Company Limited is estimated to be around 60%. This demonstrates the confidence of major investors in the stability and growth potential of the company. Such investors typically include pension funds, investment funds, and other large financial institutions.

Regarding insider purchases and sales, there have been no significant changes or notable transactions indicating altered confidence of the management in the company's future development. This could suggest that the management is satisfied with the current corporate strategy and performance.

Market share of PICC Property and Casualty Company Limited: 33% (2025, estimated)

Top competitors and their market shares:

1. Ping An Insurance (Group) Company of China, Ltd.: 25%
2. China Pacific Insurance (Group) Co., Ltd.: 15%
3. China Life Insurance Company Limited: 10%
4. New China Life Insurance Company Ltd.: 8%
5. People's Insurance Company of China Holdings Company: 5%
6. Sunshine Insurance Group Corporation Limited: 4%

PICC Property and Casualty Company Limited is the leading provider in the field of property and casualty insurance in China. The market share of 33% demonstrates a strong market presence and a leading position compared to its competitors.

PICC's moat mainly consists of its established brand, extensive distribution network, and strong capital base. These factors enable the company to operate efficiently and offer competitive prices.

Compared to its competitors, Ping An Insurance also has a significant moat, strengthened by its diversification into various insurance and financial services. This provides Ping An with a certain level of stability and flexibility in the market.

Overall, PICC has a significant advantage due to its market leadership and established infrastructure. However, the competition is intense, and companies like Ping An also offer strong competitive advantages through their diversification and innovation capabilities.

Revenue growth: 8.5% (2024) Profit growth: 6.2% (2024) Combined Ratio: 98.7% (2024)

PICC Property and Casualty Company Limited recorded a revenue growth of 8.5% in 2024, indicating a solid business development in the property and casualty insurance sector. The profit growth of 6.2% shows that the company is able to increase its profitability despite a competitive market.

The Combined Ratio of 98.7% suggests that the company operates efficiently, as it spends less than 100% of its premium income on claims payments and operating expenses. A Combined Ratio below 100% is a positive sign in the insurance industry, indicating a profitable underwriting practice.

Overall, the financial performance of PICC Property and Casualty demonstrates stable and efficient business operations. For investors interested in a company with a solid market position and efficient cost management, the stock could represent an attractive investment opportunity. However, it is important to consider macroeconomic factors and industry-specific risks before making an investment decision.

Dividend Yield: 5.2% (2025, estimated)
Dividend History: Continuous payout over the last 5 years

PICC Property and Casualty Company Limited has consistently distributed dividends in recent years, indicating a reliable dividend policy. The estimated dividend yield of 5.2% in 2025 suggests that the company continues to offer attractive returns to its shareholders.

The reliability of the payout is supported by the stable financial performance and strong market position of the company. Analysts expect the company to maintain its dividend policy unless significant market changes occur.