TacticScaleWhat PICC Property and Casualty Does & How It Makes Money (2328.HK)
Updated October 2026 · reflects PICC Property and Casualty's latest reported financials
China's largest property and casualty insurer, part of PICC Group. It collects premiums from individuals and businesses for motor, property, liability, agriculture, health and other policies and pays out claims.
How PICC Property and Casualty makes money
It collects premiums from individuals and businesses for motor, property, liability, agriculture, health and other policies and pays out claims. It also earns investment income by investing the premium float, and has additional revenue from reinsurance and insurance agency services.
What PICC Property and Casualty does
PICC Property and Casualty Company Limited is a Beijing-based property and casualty insurer founded in 2003 and a subsidiary of The People's Insurance Company (Group) of China. It reports six segments: motor vehicle, accidental injury and health, agriculture, liability, commercial property, and other. Its products include motor, commercial property, cargo, liability, accident, short-term health, agriculture, credit, surety, household property and marine hull insurance. Beyond underwriting, the company provides reinsurance, investment and funds application, insurance agency, training, IT and property management services. Its earnings come from underwriting across these lines of business and from investing the premiums it holds.
Products & services
- Motor vehicle insurance
- Agriculture insurance
- Accidental injury and short-term health insurance
- Commercial property insurance
- Liability insurance
- Credit and surety insurance
For insurers, premiums and claims reserves (the float) drive the cash flows, so free cash flow doesn't measure what owners earn — and TacticScale's fair value is built on it, so it doesn't publish a number here.
We show a fair value only when the method is trustworthy. See PICC Property and Casualty on TacticScale →
Related companies
The People's Insurance Company (Group) of China (601319.SS) · China Pacific Insurance (601601.SS)