The People's Insurance Co (Group) of China Ltd Class H

01339: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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PICC Group Earnings: P&C Underwriting Margin Improved, but Life and Health NBV Disappointed

Iris Tan

Aug 31, 2026

PICC Group's interim profit growth rebounded to 38% year on year from a 31% contraction in the first quarter, driven by the domestic equity market recovery and an improved combined ratio, or CR.

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The People's Insurance Co (Group) of China Ltd Class H

PICC Group Earnings: P&C Underwriting Margin Improved, but Life and Health NBV Disappointed

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