China Pacific Insurance (Group) Co Ltd Class A
601601: XSHG (CHN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| CNY 81.00 | Sspxw | Gmnysccc |
CPIC Delivered Faster-Than-Peer New Business Value Growth in a Challenging 2023
Business Strategy and Outlook
China Pacific Insurance’s, or CPIC's, trusted brand and extensive distribution network establish a strong foundation for steady long-term growth, thanks to continuing improvements in agent productivity and the company's stronger-than-peer capital position. However, challenges remain in the no-moat firm's near-term prospects.