People’s Insurance Co (Group) of China (HK:1339) has released an update.
The People’s Insurance Company (Group) of China Limited reported a significant total original premiums income of RMB 348,120 million for the first five months of 2024, with respective contributions from its subsidiaries: PICC P&C, PICC Life, and PICC Health. While PICC P&C and PICC Health showed growth, PICC Life experienced a decrease in original premiums income, particularly in first-year and single premiums, despite a rise in renewal business. Investors should note that this financial information is unaudited and has not been reviewed by the company’s Audit Committee.
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