People's Insurance Company Group of China Ltd operates within the Fire, marine, and casualty insurance sector.
In addition to historical fundamental analyses, the complete report available to purchase compares People's Insurance Company Group of China Ltd with three other
insurance companies in Asia:
MS&AD Insurance Group Holdings, Incorporated
sales of 5.39 trillion Japanese Yen [US$50.25 billion]
of which 50%
was Property And Casualty Insurance Business),
Tokio Marine Holdings Incorporated
(5.37 trillion Japanese Yen [US$50.08 billion]
of which 53%
was Domestic Damage Insurance Business), and
PICC Property And Casualty Company Ltd
(398.70 billion Chinese Renmimbi [US$56.92 billion]
of which 63%
was Motor Vehicle).
During the year ended December of 2019, sales at
People's Insurance Company Group of China Ltd were 552.51 billion Chinese Renmimbi (US$78.88 billion).
increase of 10.2%
versus 2018, when the company's sales were 501.41 billion Chinese Renmimbi.
This was the fifth consecutive year of sales increases at People's Insurance Company Group of China Ltd
(and since 2014, sales have increased a total of 57%).
Sales of Head-Quarters saw an increase
that was more than double the company's growth rate: sales were up
57.5% in 2019, from
478.00 million Chinese Renmimbi to 753.00 million Chinese Renmimbi.
People's Insurance Company Group of China Ltd also saw significant increases in sales in
Health Insurance (up 45.8% to 22.35 billion Chinese Renmimbi)
Other (up 24.4% to 1.23 billion Chinese Renmimbi)
Not all segments of People's Insurance Company Group of China Ltd experienced an increase in sales in 2019:
sales of Asset Management fell 4.0% to 1.44 billion Chinese Renmimbi.
(However, this segment's sales were only a very small portion of the company's overall sales).