PICC Property and Casualty Company Limited (PPCCY)
PICC Property and Casualty Company Limited operates in the Insurance - Property & Casualty industry of the Financial Services sector, headquartered in Beijing, BE, CN. The stock last traded at $50.40, down 6.84% on the session, giving a market capitalisation of $44.84B. On trailing twelve-month figures it carries a trailing P/E of 6.57, a net margin of 8.8%. Its beta of 0.13 implies it has historically moved less than the broad market.
PICC Property and Casualty Company Limited, along with its various subsidiaries, functions as a leading non-life insurance provider across the People's Republic of China. Its operations are organized into distinct divisions, including Motor Vehicle, Commercial Property, Cargo, Liability, Accidental Injury and Health, Agriculture, Credit and Surety, and other specialized areas. The company offers a comprehensive suite of insurance policies, encompassing coverage for accidental injury and medical expenses, short-term health, homeowners, unique risks, marine hulls, and construction projects. Beyond its core insurance offerings, it also provides a range of services such as reinsurance, investment and fund management, insurance and claims agency support, professional training, information technology and business solutions, and property administration. Established in 2003, the company's primary headquarters are situated in Beijing, China. PICC Property and Casualty Company Limited operates as a key entity within The People's Insurance Company (Group) of China Limited.
PICC Property and Casualty Company Limited is most often compared with the following Financial Services names: