The People's Insurance Co (Group) of China Ltd
601319
Company Profile
Business description
PICC Group, headquartered in Beijing, is the largest state-owned insurance group in China. It holds a 69% stake in PICC Property and Casualty, an 80% stake in PICC Life, and a 69% stake in PICC Health Insurance. The P&C subsidiary is the largest nonlife insurer in the country, with approximately one-third of market share. The life insurance and health insurance subsidiaries hold less than 5% market share. The Ministry of Finance is the largest shareholder with a 61% stake, while China's Social Security Fund is the second-largest shareholder, holding nearly 13%.
Contact
No. 88, West Chang’an Avenue
1st-13th Floor, Xi Cheng District
Beijing100031
CHNT: +86 1069009192
Sector
Financial Services
Stock type
Cyclical
Industry
Insurance - Property & Casualty
Fiscal Year End
31 December 2026
Employees
175,121
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