PICC P&C Deepens Reinsurance Ties With PICC HK Under 2026 Framework Agreement

PICC Property & Casualty Co ( (HK:2328) ) has shared an update.

PICC Property & Casualty Co has signed a one-year reinsurance framework agreement with connected party PICC HK, effective from 1 January to 31 December 2026, to formalise and deepen their existing business cooperation in both inward and outward reinsurance across all lines of property and casualty risks. Under the framework, the two parties will mutually cede and assume premiums on treaty and facultative business using standard contracts, with cession and assuming ratios generally ranging from 0.1% up to 80–100% and commission rates capped at 45% for ceded and 40% for assumed business, all determined through arm’s-length, market-based negotiations and subject to regulatory limits and internal controls. As the deal constitutes a continuing connected transaction under Hong Kong Listing Rules, it is subject to reporting, annual review and announcement requirements but is exempt from independent shareholders’ approval, and the company has highlighted internal monitoring and early-warning mechanisms designed to ensure transaction terms remain no less favourable than those offered by independent third parties and that annual caps are not breached.

The most recent analyst rating on (HK:2328) stock is a Hold with a HK$19.00 price target. To see the full list of analyst forecasts on PICC Property & Casualty Co stock, see the HK:2328 Stock Forecast page.

More about PICC Property & Casualty Co

PICC Property & Casualty Co is a leading non-life insurer in mainland China, focusing on property and casualty lines such as motor, commercial property and liability coverage, and increasingly leveraging reinsurance arrangements to manage risk exposure and support business growth across its domestic and offshore portfolios.

Average Trading Volume: 29,435,460

Technical Sentiment Signal: Buy

Current Market Cap: HK$364.3B

Learn more about 2328 stock on TipRanks’ Stock Analysis page.