1. People's Republic of China Stocks

  2. •

    Financial Services

  3. •

    Insurance - Property & Casualty
The People's Insurance Company (Group) of China Limited

The People's Insurance Company (Group) of China Limited

PINXF
The People's Insurance Company (Group) of China LimitedUS flagOther OTC
0.63
USD
- -
- -
36.65BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
7.14
8.25
9.55
10.43
11.36
11.68
12.43
13.09
13.39
10.74
11.99
13.55
14.63
11.5
Basic EPS, GAAP
0.19
0.31
0.46
0.34
0.38
0.3
0.5
0.45
0.49
0.57
0.5
0.95
1.04
0.55
Free Cash Flow per Basic Share
1.27
-0.01
0.48
0.56
-0.01
-0.39
0.83
0.72
1.64
1.46
1.51
1.99
2.68
-0.06
Dividend per Share
0.03
0.03
0.04
0.06
0.07
0.08
0.09
0.23
0.21
0.31
0.25
0.27
0.3
0.05
Book Value per Share
1.6
1.85
2.24
2.52
1
1.04
1
1
3.9
4.26
4.46
5.2
5.91
4.78
Tangible Book Value per Share
2.22
2.94
3.68
4
4.37
4.79
5.53
6.12
6.38
6.66
7.44
8.23
9.42
7.53
Basic Weighted Avg Shares
42,424
42,424
42,424
42,424
42,424
42,574
44,224
44,224
44,224
44,224
44,224
44,224
44,224
44,815
Sales/Revenue/Turnover
302,954
350,077
404,971
442,318
481,778
497,156
549,908
579,074
592,015
475,090
530,208
599,402
647,166
515,358
Operating Margin (%)
4.19
5.02
6.79
3.38
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
2,247
2,813
2,436
2,287
2,255
2,646
4,091
4,449
4,766
5,192
5,056
5,001
5,108
- -
Net Income, GAAP
8,121
13,109
19,542
14,245
16,099
12,912
22,135
20,036
21,476
25,369
22,322
42,151
46,207
24,872
Effective Tax Rate (%)
23.07
20.09
18.56
18.32
25.23
30.83
- -
10.68
14.66
16.95
8.18
17.98
15.55
8.71
Profit Margin (%)
2.68
3.74
4.83
3.22
3.34
2.6
4.03
3.46
3.63
5.34
4.21
7.03
7.14
4.83
Working Capital
41,997
27,446
41,614
40,734
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
47,333
48,601
40,190
46,084
49,801
57,732
51,831
60,344
46,797
44,860
40,074
51,939
43,279
39,682
Total Equity
94,801
125,577
157,195
170,994
186,881
206,301
247,300
273,556
290,858
303,004
332,903
367,421
420,466
345,754
Return on Invested Capital (%)
7.28
8.61
11.61
5.66
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
6.68
7.73
9.02
6.07
7.85
7.85
- -
10.09
7.33
6.78
5.3
8.51
8.21
7.26
Return on Common Equity (%)
12.62
17.92
22.53
14.11
21.58
29.8
50.05
45.31
19.83
14.06
11.57
19.73
18.8
19.25

Capital Structure

FRC

•

in mil. unless spec.
Dec'23
Mar'24
Jun'24
ST Debt
791
- -
- -
LT Borrowings
38,595
37,916
37,492
LT Finance Leases
1,479
2,326
2,190
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
44,224
44,224
44,224
Market Capitalization
120,509
126,682
127,382

Working Capital

FRC

•

in mil. unless spec.
Dec'23
Mar'24
Jun'24
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
455,651
20,235
23,074
Accounts Receivable, Net
4,349
- -
3,838
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
791
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.41%
9.04%
14.44%
Free Cash Flow
235.7%
37.4%
34.89%
Net Income, GAAP
13.98%
22.35%
9.62%
Sales/Revenue/Turnover
5.23%
3.02%
7.97%
Total Cash Common Dividend
28.99%
7.89%
12.09%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
124,262
141,591
111,028
124,876
530,208
2024
127,494
151,960
- -
- -
599,402
2025
- -
- -
- -
- -
647,166

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.27
- -
- -
- -
0.5
2024
0.2
- -
- -
- -
0.95
2025
- -
- -
- -
- -
1.04

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.01
- -
- -
- -
0.25
2024
0.02
- -
- -
- -
0.27
2025
- -
- -
- -
- -
0.3

Company Description

APIChatGPT
CEO
Xiangqun Ding
Full Time Employees
179,898
Sector
Financial Services
Industry
Insurance - Property & Casualty
Address
No. 88, West Chang’an Street Beijing BE People's Republic of China 100031
IPO Date
Aug 6, 2015
CIK
0001569964
Website
picc.com
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Business
The People's Insurance Company (Group) of China Limited (PICC Group) is a leading Chinese insurance holding company primarily engaged in providing a comprehensive range of insurance products and services through its subsidiaries, including property and casualty insurance, life insurance, health insurance, pension insurance, reinsurance, and asset management; PICC Property and Casualty (PICC P&C) offers property loss, liability, credit, accidental injury, short-term health, and guarantee insurance products and holds a dominant market share of approximately 33% in China's property and casualty sector; PICC Life provides savings-oriented endowment and other life insurance policies; PICC Health Insurance focuses on health-related coverages; and PICC Asset Management and PICC Capital handle investment management, alternative investments in infrastructure, energy, healthcare, and technology, as well as reinsurance services via PICC Reinsurance. Founded in 1949 and headquartered at PICC Building, No. 88 West Chang'an Avenue, Xicheng District, Beijing, China, the company operates nationwide across China with branch offices in major cities and international presence in locations such as London, New York, and Hong Kong through subsidiaries like The People's Insurance Company of China (Hong Kong) Limited, serving individual, corporate, small and medium-sized enterprise, and government clients. The Chinese central government, via the Ministry of Finance, maintains controlling ownership, with PICC Group listed on the Hong Kong Stock Exchange (ticker: 1339.HK) since 2012, Shanghai Stock Exchange (A-shares) since 2018, and available over-the-counter in the US (ticker: PINXF). In recent developments, PICC P&C entered a new Reinsurance Framework Agreement with PICC Reinsurance effective January 1, 2025, to December 31, 2025, for mutual premium cessions and commissions covering treaty and facultative reinsurance across property and casualty lines, with annual caps of RMB 6 billion in outward premiums and RMB 2.7 billion in commissions, aimed at enhancing risk diversification and operational stability; this continues strategic intra-group cooperation following prior capital injections such as the RMB 2 billion increase into PICC Reinsurance in 2023.