PICC Property and Casualty Co Ltd Class H

02328: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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PICC P&C Earnings: Nonauto Margin Weaker Than Expected Despite Reduction in Catastrophe Loss

Iris Tan

Mar 30, 2026

PICC P&C's 2025 net profit growth decelerated to 26%. Total combined ratio, or COR, improved to 97.5%, driven by respective 1.5 and 0.3 percentage point declines in auto and nonauto CORs to 95.3% and 100.8%.

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United States

PICC Property and Casualty Co Ltd Class H

PICC P&C Earnings: Nonauto Margin Weaker Than Expected Despite Reduction in Catastrophe Loss

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