PICC Property and Casualty Co Ltd - Company Profile
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PICC Property and Casualty Co Ltd (PICC) is a leading property and casualty insurance company on the Chinese mainland. The company engages in providing a wide range of insurance services, including motor vehicle, commercial property, cargo, liability, accidental injury, short-term health, agriculture, credit, surety, household property, and marine hull insurance. PICC offers these insurance products to a diverse customer base, covering various sectors such as automotive, agriculture, commercial real estate, and maritime industries. The company's services are utilized by individuals and businesses seeking coverage for liabilities, property, and health-related risks. PICC operates through a network of subsidiaries that provide additional services like insurance agency, training, IT, and property management. The company primarily serves the Chinese mainland market, with its operations denominated in both RMB and foreign currencies. PICC is headquartered in Beijing, China.
Headquarters
China
Address
Picc Mansion, Building 2, No.2 Courtyard, Jianguomenwai Avenue, Chaoyang District, Beijing, 100000
Website
property.picc.com
Telephone
86 10 63156688
No of Employees
163,196
Industry
Financial Services
Ticker Symbol & Exchange
2328 (HKG)
Revenue (2024)
$73.8B
6.6%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
25.5%
(2024 vs 2023)
Market Cap*
$47.8B
Net Profit Margin (2024)
XYZ
17.8%
(2024 vs 2023)
* As of and is in US$
PICC Property and Casualty Co Ltd premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Motor Insurance | Service: | PICC |
| Vehicle Insurance | Risk Management Solutions | |
| Accident Insurance | ||
| XYZ | ||
| XYZ | ||
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In December, the company and Munich Re Beijing partnered with Zhibao Technology Inc. to launch a new generation of private medical insurance products in China. |
| 2024 | Contracts/Agreements | In June, the company and Huize Holding entered into a partnership to introduce WarmTreasure No.3. |
| 2022 | Others | In November, the company issued the first domestic CCS or CCUS project carbon asset loss insurance. |
Competitor Comparison
| Key Parameters | PICC Property and Casualty Co Ltd | Ping An Property & Casualty Insurance Company of China Ltd | China Pacific Insurance (Group) Co Ltd | China Taiping Insurance Holdings Co Ltd | Huatai Insurance Group Co Ltd |
|---|---|---|---|---|---|
| Headquarters | China | China | China | Hong Kong | China |
| City | Beijing | Shenzhen | Shanghai | Hong Kong | Beijing |
| State/Province | Beijing | Shenzhen | Shanghai | - | Beijing |
| No. of Employees | 163,196 | - | 91,639 | 57,205 | - |
| Entity Type | Public | Private | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Zhang Daoming | Director; Vice Chairman | Executive Board | 2026 | 50 |
| Hu Wei | Director, Vice President | Executive Board | 2023 | 57 |
| Jin Xin | Chief Risk Officer; Compliance Officer | Senior Management | - | 58 |
| Lv Chen | Audit Officer; Vice President | Senior Management | - | 54 |
| Zhang Wei | Assistant to the President; General Manager - Beijing Branch | Senior Management | - | 50 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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