PICC Property & Casualty Co Class H ( (PPCCF) ) has released its Q3 earnings. Here is a breakdown of the information PICC Property & Casualty Co Class H presented to its investors.
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PICC Property & Casualty Co Class H is a leading insurance company in China, specializing in property and casualty insurance services. The company operates within the financial sector and is known for its comprehensive range of insurance products and services.
In its latest earnings report for the nine months ended September 30, 2025, PICC Property & Casualty Co Class H reported a solid financial performance. The company achieved an insurance revenue of RMB 385,921 million, marking a 5.9% year-on-year increase, and a net profit of RMB 40,268 million, which represents a significant 50.5% increase compared to the previous year.
Key financial highlights include an original insurance premium income of RMB 443,182 million, a 3.5% year-on-year increase. The motor vehicle insurance segment contributed RMB 227,632 million, while non-motor vehicle insurance revenue increased by 9.3% to RMB 158,289 million. The company also reported an underwriting profit of RMB 14,865 million, a remarkable 130.7% increase from the previous year, with a combined ratio of 96.1%.
The company remains optimistic about China’s economic prospects and capital markets, reflected in its strategic allocation to high-quality equity assets. Total investment income reached RMB 35,900 million, a 33% increase year-on-year, with a total investment yield of 5.4%.
Looking ahead, PICC Property & Casualty Co Class H is poised to continue its growth trajectory, focusing on enhancing its operational management capabilities and risk prevention measures, while leveraging digital transformation to drive high-quality development.