The People's Insurance Co (Group) of China Ltd Class H
01339: XHKG (HKG)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| c.$ | LOCK|#T | LOCK|M?Tw@h |
PICC Group's Life Business Growth Remains Strong but P&C Business Lagged
Business Strategy and Outlook
PICC Group seeks to evolve from a leading property-casualty insurer into a comprehensive one-stop shop for financial services. However, we anticipate pressures on P&C underwriting margins and the underperforming productivity of its agent force.
