The People's Insurance Co (Group) of China Ltd Class H 01339

Stock XHKG Rating as of Oct 2, 2026

HK$5.45 −0.16 (2.85%)

As of Oct 2, 2026, 8:08:08 AM Delayed Price Closed

Company Report

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.

Read Analysis

Price vs Fair Value

View History

01339 is trading at a LOCK|s$F>pH premium.

Price

HK$5.45

Oct 2, 2026

Fair Value

LOCK|p^

Mar 30, 2026

Uncertainty

LOCK|V^

1-Star Price: LOCK|.yz
5-Star Price: h.?
Economic Moat: LOCK|@%
Capital Allocation: LOCK|P?><cx

Bulls Say, Bears Say

Bulls

PICC P&C's extensive customer base and long operating history provide superior insight into risk and pricing. Its diverse range of products and widespread geographic presence offer attractive diversification of underwriting risk across its portfolio.

Bears

PICC Group relies significantly on online sales of health insurance products through third-party internet platforms, which could face challenges due to regulatory tightening.

News

View All

Beijing to Inject Billions Into Banks, Insurers to Boost Growth

Global News Select Sep 7, 2026, 2:24:00 AM

Trading Information

Previous Close Price: HK$5.61
Day Range: HK$5.40–5.57
52-Week Range: HK$4.63–7.63
Bid/Ask: HK$5.43 / HK$5.45
Shares Outstanding: 44.22B
Market Cap: HK$241.02B
Volume/Avg: 15M / 35M

Key Statistics

Price/Earnings (Normalized): 4.05
Price/Sales: 0.34
Dividend Yield (Trailing): 4.57%
Dividend Yield (Forward): 4.69%
Dividend Payment Schedule: Jul, Dec
Total Yield: 4.57%

Company Profile

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%.

Sector: Financial Services
Industry: Insurance - Property & Casualty
Stock Style Box: Large Value
Total Number of Employees: 179,898
Website: https://www.picc.com.cn

Competitors

Valuation

Metric	01339	601628	02601
Price/Earnings (Normalized)	4.05	4.19	4.54
Price/Book Value	0.63	1.56	0.73
Price/Sales	0.34	1.30	0.57
Price/Cash Flow	2.22	2.35	1.33

Price/Earnings

01339

601628

02601

Financial Strength

Metric	01339	601628	02601
Quick Ratio	—	—	—
Current Ratio	—	—	—
Interest Coverage	28.89	—	—

Quick Ratio

No chart available

Profitability

Metric	01339	601628	02601
Return on Assets (Normalized)	3.83%	3.32%	1.85%
Return on Equity (Normalized)	24.67%	42.76%	19.35%
Return on Invested Capital (Normalized)	13.04%	28.25%	10.74%

Return on Assets