China Pacific Insurance (Group) Co Ltd Class A
601601: XSHG (CHN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
¥53.00 | Jqkft | Ylndspyv |
CPIC Reported Larger-Than-Peer Decline in New Business Margin, Reduced Dividend Payout
Business Strategy and Outlook
China Pacific Insurance’s, or CPIC's, trusted brand and extensive distribution network establish a strong foundation for steady long-term growth, thanks to continuing improvements in agent productivity and the company's stronger-than-peer capital position. However, challenges remain in the no-moat firm's near-term prospects.