tiprankstipranks

People’s Insurance Co of China Reports Strong 2024 Financial Results

Story Highlights
People’s Insurance Co of China Reports Strong 2024 Financial Results

The latest update is out from People’s Insurance Co (Group) of China ( (HK:1339) ).

The People’s Insurance Company (Group) of China Limited announced its audited annual results for the year ended December 31, 2024, reporting a significant increase in profit before tax to RMB 69,232 million from RMB 33,557 million in 2023. The company’s total operating income rose to RMB 622,220 million, driven by higher insurance revenue and net investment gains, reflecting a strong financial performance and improved market positioning.

More about People’s Insurance Co (Group) of China

The People’s Insurance Company (Group) of China Limited is a joint stock company incorporated in the People’s Republic of China, operating in the insurance industry. It provides a range of insurance services and financial products, focusing on both individual and corporate clients.

YTD Price Performance: 15.53%

Average Trading Volume: 10,000

Technical Sentiment Signal: Sell

Current Market Cap: $38.61B

See more insights into 1339 stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App