PICC Property & Casualty Co (HK:2328) has released an update.
PICC Property & Casualty Co. Ltd. reported a notable financial performance for the first nine months of 2024, with a year-on-year increase of 5.3% in insurance revenue, reaching RMB 364,306 million. The company’s net profit surged by 38% to RMB 26,750 million, driven by its strategic focus on high-quality development and optimized operations. Additionally, the firm’s total investment income grew significantly, reflecting a favorable market recovery and an increased investment in secondary equity.
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