People’s Insurance Co (Group) of China (HK:1339) has released an update.
The People’s Insurance Company (Group) of China Limited has reported its original premiums income for the first seven months of 2024, with PICC Property and Casualty generating RMB 344,776 million, PICC Life RMB 84,532 million, and PICC Health RMB 38,737 million. The data, which remains unaudited, shows a mix of positive and negative growth across different insurance categories, with the most significant increase in renewal business for PICC Life at 24.9%. Investors should note these preliminary figures as they reflect the company’s current insurance business performance.
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