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$1.80 | Njsr | Tlcbyqs |
PICC P&C Saw Strong Recovery in Auto Insurance Premium for the First Month of 2022
Business Strategy and Outlook
As the oldest state-owned insurance group in China, 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.