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$8.50	Mmst	Ftfnxsl

PICC Group Sees Strong New Business Growth Continues on Commission Rate Cut

Iris Tan

Aug 30, 2024

Business Strategy and Outlook

PICC Group aims to transform from a leading property-casualty insurer into an integrated one-stop shop for financial services. However, we see significant headwinds, given growing pressures on P&C underwriting margin and its lackluster agent-force performance.

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