People’s Insurance Co Reports Strong Mid-Year Revenue

People’s Insurance Co (Group) of China (HK:1339) has released an update.

People’s Insurance Company (Group) of China reported a robust performance in the first half of 2024, with its operating subsidiaries PICC P&C, PICC Life, and PICC Health generating significant original premiums income of RMB311.996 billion, RMB79.056 billion, and RMB36.231 billion, respectively. These figures represent a mixed trend in insurance segments, with overall growth in the insurance business despite some areas experiencing declines. Investors should note these figures are preliminary and unaudited, pending review by the company’s Audit Committee.

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