PICC Property & Casualty Co Ltd Class H (HK:2328)
:2328
Advertisement

PICC Property & Casualty Co (2328) AI Stock Analysis

Compare
5 Followers

Top Page

HK:2328

PICC Property & Casualty Co

(2328)

Select Model
Select Model
Select Model
Outperform 76 (OpenAI - 4o)
Rating:76Outperform
Price Target:
HK$21.50
▲(14.67% Upside)
PICC Property & Casualty Co's overall stock score is driven by its strong financial performance, characterized by robust revenue growth, solid balance sheet, and impressive cash flow generation. Technical analysis supports a positive outlook with strong market momentum, although caution is advised due to potential overbought conditions. The valuation is reasonable, with a fair P/E ratio and attractive dividend yield, making it a compelling investment option in the insurance sector.
Positive Factors
Revenue Growth
Consistent revenue growth indicates strong market demand and effective business strategies, supporting long-term expansion and stability.
Cash Flow Generation
Robust cash flow generation enhances financial flexibility, enabling the company to fund growth initiatives and manage operations efficiently.
Balance Sheet Health
A strong balance sheet with low leverage ensures financial resilience and the ability to withstand economic fluctuations, supporting long-term viability.
Negative Factors
EBIT Margin Pressure
Low EBIT margins can constrain profitability, limiting the company's ability to reinvest in growth and potentially affecting long-term financial performance.
Profitability Concerns
Concerns over profitability due to low EBIT margins may hinder the company's competitive positioning and ability to generate sustainable returns.
Margin Sustainability
While net margins improved, sustaining this level amidst competitive pressures and cost challenges remains a risk to long-term profitability.

PICC Property & Casualty Co (2328) vs. iShares MSCI Hong Kong ETF (EWH)

PICC Property & Casualty Co Business Overview & Revenue Model

Company DescriptionPICC Property & Casualty Co (2328) is one of the leading property and casualty insurance companies in China, offering a comprehensive range of insurance products across various sectors. The company primarily operates in the non-life insurance sector, providing services such as automobile insurance, commercial property insurance, liability insurance, and personal accident insurance. With a strong market presence and a vast distribution network, PICC aims to meet the diverse insurance needs of individuals and businesses throughout China.
How the Company Makes MoneyPICC Property & Casualty Co generates revenue primarily through the underwriting of insurance premiums collected from customers. The company's key revenue streams include premiums from automobile insurance, which is a significant portion of its business, as well as commercial and personal property insurance. Additionally, the company earns income from investment activities, where it invests the premiums received in various financial instruments to yield returns. Partnerships with banks and other financial institutions also enhance its distribution capabilities, allowing it to reach a broader customer base. Furthermore, strategic initiatives to expand its product offerings and enhance customer service contribute to its overall revenue growth.

PICC Property & Casualty Co Financial Statement Overview

Summary
PICC Property & Casualty Co presents a strong financial profile with consistent revenue growth and sound profitability, albeit with some pressure on EBIT margins. The balance sheet is robust, characterized by low leverage and substantial equity. Cash flow generation is impressive, providing the company with the flexibility to fund growth and manage operations effectively. While the EBIT margin is a concern, overall financial health remains solid.
Income Statement
85
Very Positive
PICC Property & Casualty Co demonstrates robust revenue growth with a 9.37% increase in 2024. The gross profit margin remains high at 100% due to the nature of the insurance industry. However, the EBIT margin is notably low, impacting overall profitability. Despite this, the net profit margin improved to 6.68% in 2024, reflecting efficient cost management.
Balance Sheet
78
Positive
The company's financial stability is solid, with a debt-to-equity ratio of 0.08 indicating low leverage and prudent financial management. The equity ratio stands at a healthy 33.14%, ensuring a strong capital base. Return on equity is at 12.47%, showcasing effective utilization of equity. Overall, the balance sheet reflects strong financial health with manageable debt levels.
Cash Flow
82
Very Positive
The cash flow statement indicates strong operational cash generation, with a significant increase in free cash flow by 86.89% in 2024, enhancing financial flexibility. The operating cash flow to net income ratio of 1.13 and free cash flow to net income ratio of 1.03 suggest efficient cash conversion. These metrics underline the company's capacity to support operations and investment.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue531.40B481.44B440.22B408.20B417.89B411.07B
Gross Profit531.40B481.44B537.38B500.22B417.89B411.07B
EBITDA-441.84B43.01B32.94B38.74B30.91B28.58B
Net Income38.14B32.17B24.59B29.16B22.36B20.87B
Balance Sheet
Total Assets804.61B778.24B703.62B670.35B682.62B646.80B
Cash, Cash Equivalents and Short-Term Investments280.31B8.56B192.42B10.85B13.31B14.17B
Total Debt13.38B21.73B9.68B10.06B9.84B24.96B
Total Liabilities523.54B517.62B469.32B453.09B476.97B456.77B
Stockholders Equity278.32B257.92B231.42B218.71B202.89B187.51B
Cash Flow
Free Cash Flow39.05B33.28B17.81B37.15B13.92B3.03B
Operating Cash Flow42.11B36.46B20.54B42.71B16.34B12.81B
Investing Cash Flow-22.70B-27.55B-11.13B-32.19B-8.16B-29.39B
Financing Cash Flow-23.97B-6.05B-14.22B-7.00B-16.84B10.41B

PICC Property & Casualty Co Technical Analysis

Technical Analysis Sentiment
Positive
Last Price18.75
Price Trends
50DMA
18.18
Positive
100DMA
17.25
Positive
200DMA
15.42
Positive
Market Momentum
MACD
0.25
Positive
RSI
52.27
Neutral
STOCH
80.44
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2328, the sentiment is Positive. The current price of 18.75 is below the 20-day moving average (MA) of 18.79, above the 50-day MA of 18.18, and above the 200-day MA of 15.42, indicating a neutral trend. The MACD of 0.25 indicates Positive momentum. The RSI at 52.27 is Neutral, neither overbought nor oversold. The STOCH value of 80.44 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2328.

PICC Property & Casualty Co Peers Comparison

Overall Rating
UnderperformOutperform
Sector (68)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
83
Outperform
HK$202.54B4.7234.37%5.89%49.90%203.77%
78
Outperform
$389.16B6.3117.34%2.84%9.40%79.93%
76
Outperform
$407.04B9.9014.60%3.34%6.42%66.35%
76
Outperform
$352.34B5.3618.41%3.52%15.08%23.13%
71
Outperform
$65.16B7.9710.74%1.73%23.64%36.32%
71
Outperform
€67.12B5.6211.12%3.34%2.54%17.80%
68
Neutral
$18.00B11.429.92%3.81%9.73%1.22%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:2328
PICC Property & Casualty Co
18.75
7.03
59.91%
HK:2601
China Pacific Insurance (Group) Co
33.52
9.19
37.75%
HK:0966
China Taiping Insurance Holdings Co
20.24
7.98
65.09%
HK:1339
People's Insurance Co (Group) of China
7.40
3.70
99.89%
HK:1508
China Reinsurance (Group) Corp. Class H
1.64
0.78
90.92%
HK:1336
New China Life Insurance Co., Ltd. Class H
51.35
28.32
122.97%

PICC Property & Casualty Co Corporate Events

PICC Property & Casualty Co. Ltd. Schedules Board Meeting for Q3 Results
Oct 16, 2025

PICC Property & Casualty Co. Ltd. has announced a board meeting scheduled for October 30, 2025, to review and approve the unaudited third-quarter results for the period ending September 30, 2025. This meeting is crucial for stakeholders as it will provide insights into the company’s financial performance and strategic direction for the remainder of the fiscal year.

The most recent analyst rating on (HK:2328) stock is a Hold with a HK$18.00 price target. To see the full list of analyst forecasts on PICC Property & Casualty Co stock, see the HK:2328 Stock Forecast page.

PICC Property & Casualty Co. Projects Significant Profit Growth for 2025
Oct 16, 2025

PICC Property & Casualty Co., Ltd. announced an estimated net profit increase of 40% to 60% for the first three quarters of 2025 compared to the same period in 2024. This significant growth is attributed to China’s stable economic momentum, the company’s strategic focus on modernization, and optimization of its investment portfolio, which benefited from the capital market upturn, resulting in increased underwriting profit and total investment income.

The most recent analyst rating on (HK:2328) stock is a Hold with a HK$18.00 price target. To see the full list of analyst forecasts on PICC Property & Casualty Co stock, see the HK:2328 Stock Forecast page.

PICC Property & Casualty Announces Interim Dividend for 2025
Oct 9, 2025

PICC Property & Casualty Company Limited has announced an interim dividend of RMB 0.24 per share for the six months ending June 30, 2025. This update includes details on the approval date, book closure period, and payment date, along with information on withholding tax implications for various shareholder categories. The announcement reflects the company’s ongoing commitment to returning value to its shareholders and highlights the tax considerations for both domestic and international investors.

The most recent analyst rating on (HK:2328) stock is a Buy 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.

PICC Property & Casualty Co Announces Extraordinary General Meeting for Key Resolutions
Oct 9, 2025

PICC Property & Casualty Co has announced an extraordinary general meeting scheduled for October 30, 2025, to discuss and approve the 2025 interim profit distribution plan and the scrapping of information technology equipment for 2024-2025. This meeting is significant as it addresses key operational decisions that could impact the company’s financial strategy and technological infrastructure, potentially influencing stakeholder interests and the company’s market positioning.

The most recent analyst rating on (HK:2328) stock is a Buy 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.

PICC Property & Casualty Releases 2024 Financial and Actuarial Reports
Sep 5, 2025

PICC Property & Casualty Co., Ltd. has disclosed its financial statements and an actuarial report for its compulsory motor insurance business for the year 2024. The financial statements, which include the income statement and proprietary statement of financial position, have been audited and approved by the company’s Board of Directors. The actuarial report provides an analysis of claim costs, the impact of premium rate adjustments, and trends in claim costs from 2020 to 2024, with insights into 2025. This announcement serves to inform investors about the company’s financial health and strategic positioning in the insurance market.

The most recent analyst rating on (HK:2328) stock is a Buy with a HK$21.60 price target. To see the full list of analyst forecasts on PICC Property & Casualty Co stock, see the HK:2328 Stock Forecast page.

PICC Property & Casualty Co Releases 2025 Interim Report for Capital Bonds
Aug 29, 2025

PICC Property & Casualty Co has publicly released its 2025 Interim Report for issued capital supplementary bonds. This report includes unaudited financial statements for the first half of 2025, prepared in accordance with PRC Accounting Standards for Business Enterprises. The announcement serves to inform investors about the financial status and operations of the company, potentially impacting stakeholder perceptions and investment decisions.

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.

PICC Property & Casualty Reports Strong H1 2025 Performance
Aug 28, 2025

PICC Property & Casualty Co Class H, the largest property and casualty insurance company in China, operates in various insurance sectors including motor vehicle, commercial property, and agriculture insurance. In its latest earnings report for the first half of 2025, the company reported a solid financial performance with a 32.3% increase in net profit to RMB 24,455 million, driven by a 3.6% rise in original insurance premium income and a 44.6% increase in underwriting profit. The company also achieved a significant growth in investment income, which rose by 26.6% year-on-year. Key performance metrics include a combined ratio of 94.8% and a comprehensive solvency margin ratio of 235.4%. Looking ahead, PICC Property & Casualty remains focused on enhancing its product offerings and operational efficiency while continuing to support national priorities and expand its market presence both domestically and internationally.

PICC Property & Casualty Co Approves Core Equipment Procurement Project
Aug 27, 2025

PICC Property & Casualty Co announced that during its Extraordinary General Meeting on August 27, 2025, a resolution regarding the Core Equipment Procurement Project for 2025 was unanimously approved. This decision, passed by a poll with all shares voting in favor, signifies a strategic move for the company, potentially enhancing its operational capabilities and market competitiveness.

The most recent analyst rating on (HK:2328) stock is a Buy 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.

PICC Property & Casualty Co Announces 2025 Interim Results
Aug 27, 2025

PICC Property and Casualty Company Limited announced its unaudited interim results for the first half of 2025, fulfilling regulatory requirements for the Hong Kong Stock Exchange. This announcement provides insights into the company’s financial performance and operational status, potentially impacting its market position and stakeholder interests.

The most recent analyst rating on (HK:2328) stock is a Buy 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.

PICC Property & Casualty Co Announces Interim Dividend for 2025
Aug 27, 2025

PICC Property and Casualty Company Limited has announced an interim dividend of RMB 0.24 per share for the six months ended June 30, 2025. This announcement reflects the company’s ongoing commitment to delivering value to its shareholders and may impact its market positioning by reinforcing investor confidence in its financial health and operational performance.

The most recent analyst rating on (HK:2328) stock is a Buy 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.

PICC Property & Casualty to Announce 2025 Interim Results
Aug 21, 2025

PICC Property & Casualty Company Limited announced that it will publish its 2025 interim results on the Hong Kong Stock Exchange’s website on August 27, 2025. The company, along with its controlling shareholder, The People’s Insurance Company (Group) of China Limited, will host a webcast presentation of these results on August 28, 2025. This announcement indicates the company’s commitment to transparency and engagement with investors, potentially impacting its market perception and stakeholder relations.

The most recent analyst rating on (HK:2328) stock is a Buy 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.

PICC Property & Casualty Schedules Board Meeting to Discuss Interim Results
Aug 15, 2025

PICC Property & Casualty Company Limited has announced a board meeting scheduled for August 27, 2025, to consider and approve the interim results for the six months ending June 30, 2025. The board will also consider the payment of an interim dividend, if applicable. This meeting is significant for stakeholders as it will provide insights into the company’s financial performance and potential dividend payouts.

The most recent analyst rating on (HK:2328) stock is a Buy with a HK$16.10 price target. To see the full list of analyst forecasts on PICC Property & Casualty Co stock, see the HK:2328 Stock Forecast page.

PICC Property & Casualty Co Schedules EGM for Key Procurement Decision
Aug 6, 2025

PICC Property & Casualty Co has announced an extraordinary general meeting scheduled for August 27, 2025, to consider and approve the Core Equipment Procurement Project for 2025. This meeting signifies a strategic move for the company, potentially impacting its operational capabilities and market positioning, as stakeholders will vote on this significant procurement decision.

The most recent analyst rating on (HK:2328) stock is a Buy with a HK$16.10 price target. To see the full list of analyst forecasts on PICC Property & Casualty Co stock, see the HK:2328 Stock Forecast page.

PICC Property & Casualty Co Announces Leadership Changes
Aug 5, 2025

PICC Property & Casualty Co announced the election of Ms. Li Ling as the new employee representative director, following a meeting of the company’s employees’ representatives. This change marks a significant shift in the company’s governance structure, as it also involves the retirement of employee representative supervisors Mr. Zhou Zhiwen and Mr. Fu Xiaoliang, coinciding with the company’s decision to dissolve its supervisory committee.

The most recent analyst rating on (HK:2328) stock is a Buy with a HK$16.10 price target. To see the full list of analyst forecasts on PICC Property & Casualty Co stock, see the HK:2328 Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Oct 23, 2025