People’s Insurance Co (Group) of China Class H ( (PINXF) ) has released its Q4 earnings. Here is a breakdown of the information People’s Insurance Co (Group) of China Class H presented to its investors.
The People’s Insurance Company (Group) of China Limited, a state-owned enterprise in the insurance sector, offers a range of financial products and services, including property, casualty, life, and health insurance, as well as asset management. In its latest annual report, the company announced significant growth in profitability, with a net profit of RMB56,781 million, marking an 84.3% increase from the previous year. The company’s insurance revenue rose by 6.7% to RMB537,709 million, while its total assets increased by 13.5% to RMB1,766,321 million. The report highlights robust capital strength with a comprehensive solvency margin ratio of 281%. Key financial metrics include a profit before tax of RMB69,232 million and a total investment income of RMB82,163 million, reflecting an 86.2% increase. The company also reported improvements in operational efficiency, with a net cash inflow from operating activities rising by 77.5%. Looking ahead, the management remains focused on high-quality development, optimizing operational efficiency, and supporting national strategies through innovative insurance products and services.