Financial Markets
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks

Company - Domestic
 Search News  Or
PICC Property posts 52% surge in net profit for 2011

Mar. 29, 2012 (China Knowledge) - PICC Property & Casualty Co<2328>, China's largest non-life insurer in terms of premiums, said yesterday that its net profit surged 52% year on year to RMB 8.03 billion last year, boosted by strong growth in underwriting profit.

Earnings per share were RMB 0.68 last year, and the insurer declared no final dividend.

The company saw its turnover increase 12.7% year on year to RMB 173.96 billion last year, with market share reaching 36.3%.

Turnover from auto insurance business rose 10.6% year on year to RMB 128.03 billion, and that from non-auto insurance business increased 19.2% to RMB 45.93 billion.

The Hong Kong-listed company reaped RMB 133.13 billion in insurance premium income in 2011, 8.2% more than in the previous year. Underwriting profit surged 188.3% year on year to RMB 8.02 billion in the period.

At the end of last year, PICC Property's total assets had increased 30.5% year on year to RMB 265.64 billion. Solvency adequacy ratio was 184% at the end of 2011, up 69.4 percentage points year on year.

Add this     
Copyright © "2015"

Send feedback or comments to:

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services


 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved