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:
PICC Property And Casualty Company Ltd
sales of 359.68 billion Chinese Renmimbi [US$52.29 billion]
of which 69%
was Motor Vehicle),
MS&AD Insurance Group Holdings, Incorporated
(5.05 trillion Japanese Yen [US$46.83 billion]
of which 53%
was Property And Casualty Insurance Business), and
Tokio Marine Holdings Incorporated
based in Japan
(5.32 trillion Japanese Yen [US$49.28 billion]
of which 50%
was Domestic Damage Insurance Business).
During the year ended December of 2018, sales at
People's Insurance Company Group of China Ltd were 501.41 billion Chinese Renmimbi (US$72.90 billion).
increase of 3.4%
versus 2017, when the company's sales were 484.70 billion Chinese Renmimbi.
This was the fifth consecutive year of sales increases at People's Insurance Company Group of China Ltd
(and since 2013, sales have increased a total of 65%).
Sales of Other saw an increase
that was more than double the company's growth rate: sales were up
162.3% in 2018, from
377.00 million Chinese Renmimbi to 989.00 million Chinese Renmimbi.
People's Insurance Company Group of China Ltd also saw significant increases in sales in
Property Insurance (up 11.0% to 374.67 billion Chinese Renmimbi)
Asset Management (up 4.6% to 1.50 billion Chinese Renmimbi)
Not all segments of People's Insurance Company Group of China Ltd experienced an increase in sales in 2018:
sales of Head-Quarters fell 41.3% to 478.00 million Chinese Renmimbi.
(However, this segment's sales were only a very small portion of the company's overall sales).
People's Insurance Company Group of China Ltd also experienced decreases in sales in
Life Insurance (down 14.4% to 105.64 billion Chinese Renmimbi)
Health Insurance (down 24.1% to 15.32 billion Chinese Renmimbi)