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The People's Insurance Company (Group) of China Ltd: Overview

The People's Insurance Company (Group) of China Ltd (PICC), formerly PICC Holding Company, is a state-owned insurance company. It offers a range of life and non-life insurance products. The group provides insurance products for accident, universal life, general life, family property, travel, auto, health, personal credit loan guarantee and performance guarantee. It also offers cargo insurance, credit guarantee insurance, special risk insurance, engineering performance guarantee insurance, employer liability insurance, export product liability insurance, safety production liability insurance, and technological equipment insurance. The group distributes products through bancassurance, individual insurance agent and group sales channel. PICC is headquartered in Beijing, China.

Headquarters China

Address No. 88 West Changan Street, Xicheng District, Beijing, 100031


Telephone 86 10 69009192

No of Employees 184,364

Industry Financial Services

Ticker Symbol & Exchange 1339 (HKG)

Revenue (2021) $92.2B 1.8% (2021 vs 2020)

EPS XXX

Net Income (2021) XXX 7.2% (2021 vs 2020)

Market Cap* $31.4B

Net Profit Margin (2021) XXX 5.3% (2021 vs 2020)

* As of and is in US$

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Products and Services

Products
Motor Vehicle Insurance
Enterprise Property Insurance
Home Insurance
XXX
XXX
XXX
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History

History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.

Year Event Description
2021 Contracts/Agreements In August, the company and China Export & Credit Insurance Corp signed strategic cooperation framework agreement to leverage the advantages of commercial insurance and policy insurance, complement each other in resources, and provide comprehensive insurance coverage.
2021 Contracts/Agreements In July, the company and Qinghai Provincial People's Government signed a strategic cooperation framework agreement to play the role of stabilizer and booster of insurance around helping Qinghai's industrial development, improving people's livelihood, and building four places.
2021 Corporate Changes/Expansions In June, the company opened People's Insurance Museum of China.
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Competitor Comparison

Key Parameters The People's Insurance Company (Group) of China Ltd Ping An Insurance (Group) Company of China Ltd China Life Insurance Co Ltd Fosun International Ltd China Pacific Property Insurance Co Ltd
Headquarters China China China China China
City Beijing Shenzhen Beijing Shanghai Shanghai
State/Province Beijing Guangdong Beijing Shanghai Shanghai
No. of Employees 184,364 355,982 103,262 106,000 -
Entity Type Public Public Public Public Private
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Executives
Name Position Board Since Age
Luo Xi Chairman Executive Board 2020 61
Wang Tingke Chief Risk Officer; Chief Compliance Officer; Vice Chairman; President Executive Board 2020 57
Zhang Tao Chairman - Board of Supervisors Executive Board 2022 58
Zhou Houjie Responsible Financial Officer; Chief Financial Officer Senior Management 2010 57
Yu Ze Chief Risk Officer; Vice President - China People's Insurance Group Co., Ltd.; Responsible Compliance Officer Senior Management 2020 50
Non Dignissim Eros Proin vel Convallis 2022 XX
Non Dignissim Eros Proin vel Convallis 2022 XX
Non Dignissim Eros Proin vel Convallis 2022 XX
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