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

Morningstar Rating

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.

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