The People's Insurance Co (Group) of China Ltd Class H

01339: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	HK$2.30	Syn	Jjfzpwq

PICC Group's Health Insurance NBV Reported Strong Growth While Agent Channel Remained Weak

Iris Tan

Mar 27, 2023

PICC Group reported a 3.9% growth in 2022 full-year revenue, flat with its revenue growth rate in the third quarter. Its net profit growth of 12.8% was stronger than most peers, supported by the 19% earnings growth in its subsidiary, PICC P&C.

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