People's Insurance Company of China
Headquarters in Beijing | |||||||||
| People's Insurance Company of China | |||||||||
| Formerly | PICC Holding Company | ||||||||
| Company type | State-owned enterprise | ||||||||
| ISIN | |||||||||
| Industry | insurance | ||||||||
| Founded | 1949 | ||||||||
| Founder | Chinese Government | ||||||||
| Headquarters | China People's Insurance Building, Beijing , China | ||||||||
Area served | Mainland China, Hong Kong, etc. | ||||||||
| Services | life and non-life insurance | ||||||||
| Revenue | RMB499 billion (2018) | ||||||||
| RMB13 billion (2018) | |||||||||
| Total assets | RMB1032 billion (2018) | ||||||||
| Total equity | RMB153 billion (2018) | ||||||||
| Owner | Ministry of Finance (67.60%) | ||||||||
| Parent | Ministry of Finance | ||||||||
| Subsidiaries |
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| Chinese name | |||||||||
| Simplified Chinese | 中国人民保险集团股份有限公司 | ||||||||
| Traditional Chinese | 中國人民保險集團股份有限公司 | ||||||||
| Hanyu Pinyin | Zhōngguó rénmíng bǎoxiǎn jítuán gǔfèn yǒuxiàn gōngsī | ||||||||
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| Website | picc | ||||||||
| Footnotes / references In consolidated financial statement. Financial reports prepared in IFRS. Net income and equity excluded minority interest | |||||||||
The People's Insurance Company (Group) of China Limited, known as PICC Group or just PICC, is a Chinese listed insurer. The Chinese Central Government is the controlling shareholder.
The group contains the major subsidiaries: PICC Asset Management, PICC Life as well as PICC Property and Casualty (PICC P&C). The latter also listed on the stock exchange.