Overview
PICC P&C
PICC Property and Casualty (PICC P&C) is the leading property/casualty (P&C) insurer in bustling China. Founded in 1949 as the state-owned People's Insurance Company of China (now known as PICC Group), PICC P&C spun off in 2003. It operates throughout most of China branch offices providing primarily motor vehicle insurance (more than 60% of sales). Additional types of coverage include commercial property, credit, liability, accident, cargo,
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Read More and agricultural insurance. The company has sisters: PICC Life Insurance Company (PICC Life) and PICC Health Insurance Company (PICC Health) which offer complementary coverage.
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Read More and agricultural insurance. The company has sisters: PICC Life Insurance Company (PICC Life) and PICC Health Insurance Company (PICC Health) which offer complementary coverage.
Read Less
Ze Yu
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Insurance Carriers
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Insurance Carriers and Related Activities
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Finance and Insurance
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Insurance carriers, nec
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Property damage insurance
See All Industries Accident and health insurance
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See All Industries Accident and health insurance
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Activities Related to Credit Intermediation
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Agencies, Brokerages, and Other Insurance Related Activities
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Depository Credit Intermediation
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Insurance and Employee Benefit Funds
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Monetary Authorities-Central Bank
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Nondepository Credit Intermediation
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Other Financial Investment Activities
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Other Investment Pools and Funds
View more , Securities and Commodity Contracts Intermediation and Brokerage Securities and Commodity Exchanges
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View more , Securities and Commodity Contracts Intermediation and Brokerage Securities and Commodity Exchanges
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Actual
$75.31 billion
Actual
9.36%
30.86%
$778,244
DEC
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Contacts
Get in Touch with 17 Principals*
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Ze YuExecutive Director
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Contact 2?
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Contact 3?
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Contact 4?
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Financial Statements
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Financial data as of December 31, 2021 (12 month period) in USD
Annual Revenue 2024
$75.31 billion
USD
Actual
1 USD = 6.393 CNY
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | $5,704 | $3,213 | $6,681 |
| Net Investing Cash | -$4,309 | -$1,741 | -$5,035 |
| Net Financing Cash | -$946 | -$2,225 | -$1,094 |
| Net Change in Cash | $449 | -$753 | $551 |
| Cash at Beginning of Period | $2,579 | $3,324 | $2,724 |
| Cash at End of Period | $3,029 | $2,579 | $3,324 |
| Capital Expenditure | -$498 | -$428 | -$870 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $1,338 | $1,921 | $1,698 |
| Accounts Receivable | $647 | $606 | $11,596 |
| Inventories | $ | $ | $ |
| Other Current Assets | $ | $ | $ |
| Asset Summary | |||
| Total Current Assets | $ | $ | $ |
| Tangible Fixed Assets | $4,665 | $4,619 | $4,745 |
| Intangible Assets | $423 | $440 | $433 |
| Total Assets | $778,244 | $703,623 | $672,462 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $509 | $441 | $472 |
| Short-Term Debt | $ | $ | $ |
| Other Current Liabilities | $ | $ | $ |
| Liability Summary | |||
| Total Current Liabilities | $ | $ | $ |
| Long-Term Debt | $3,196 | $1,308 | $1,267 |
| Other Long-Term Liabilities | $ | $ | $ |
| Total Liabilities | $80,966 | $73,411 | $70,523 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $3,479 | $3,479 | $3,479 |
| Retained Earnings | $ | $ | $ |
| Equity Summary | |||
| Total Equity | $40,344 | $36,199 | $34,211 |
| Shares Outstanding | 22,242,765,303 | 22,242,765,303 | 22,242,765,303 |