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$8.20 | Jhnxf | Myhknwjf |
PICC Group Delivered Robust NBV Growth in Its Life Insurance Business, off a Low Base
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.