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PICC Property & Casualty Co ( (HK:2328) ) just unveiled an update.
PICC Property & Casualty Co has signed a one-year reinsurance framework agreement with connected party PICC Reinsurance, effective from 1 January to 31 December 2026, to formalise and continue their existing business cooperation in treaty and facultative reinsurance across all lines of property and casualty risks. Under the framework, both parties will mutually cede premiums to each other in return for commissions, with cession ratios ranging from 0.1% to 80% and commission rates capped at 45%, all determined via actuarial models and arm’s-length market-based negotiations and benchmarked against terms offered by at least three independent third parties. The company notes that the outward reinsurance transactions trigger reporting, annual review and announcement obligations as continuing connected transactions under Hong Kong Listing Rules but are exempt from independent shareholders’ approval, while inward transactions are fully exempt given their small size. PICC P&C emphasizes internal control and compliance measures, including detailed related-party transaction policies, early-warning mechanisms on annual caps, annual internal audits, and oversight by independent directors and external auditors, with transaction terms disclosed through its reinsurance trading platform, underscoring efforts to balance group synergies with regulatory and minority shareholder protections.
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 major Chinese non-life insurer, focusing on property and casualty insurance lines and related reinsurance business. Listed in Hong Kong, the company operates within the regulated mainland China insurance market, using reinsurance both to manage risk exposure and to support premium growth across a broad spectrum of P&C products.
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.