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 | RMB 499 billion (2018) | ||||||||
RMB 13 billion (2018) | |||||||||
Total assets | RMB1032 billion (2018) | ||||||||
Total equity | RMB 153 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[1] |
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.