PICC Property and Casualty Company Limited PPCCY

Company Overview

PICC Property and Casualty Company Limited (commonly known as PICC P&C) is a China-based non-life insurance company and a core subsidiary of The People’s Insurance Company (Group) of China Limited (PICC Group). The company primarily operates in the property and casualty insurance industry, offering a broad range of products that include motor vehicle insurance, commercial property insurance, agricultural insurance, liability insurance, accident insurance, credit and guarantee insurance, and specialty risk coverage. PICC P&C is publicly listed in Hong Kong and trades over-the-counter in the United States under the ticker PPCCF. Its primary revenue drivers are underwriting income from insurance premiums and investment income generated from insurance float and portfolio assets.

The company serves retail consumers, small and medium-sized enterprises, large corporates, agricultural producers, and government-linked infrastructure and public service projects across China. PICC P&C has historically maintained one of the largest market shares in China’s non-life insurance sector, supported by its nationwide distribution network, extensive branch infrastructure, state-linked heritage, and long-standing relationships with government and commercial institutions. The business traces its origins to the establishment of the People’s Insurance Company of China in 1949, with the property and casualty operations later reorganized into a separate listed entity as part of broader reforms and commercialization efforts within China’s financial services sector.