PICC Property and Casualty Company Limited
PICC Property and Casualty Company Limited (PICC P&C), headquartered in Beijing, was formerly known as the People’s Insurance Company of China established on October 20, 1949. PICC P&C is the core member and the landmark business of the People’s Insurance Company (Group) of China Limited (PICC Group, No. 114 in the “Fortune Global 500 list”). As a major state-owned property and casualty insurance company in China with a long history, large-scale businesses and strong overall strength, PICC P&C was at the forefront of global P&C insurance market in terms of the premium scale. The Company got listed in main board of SEHK on November 6, 2003 (stock code: 2328). Over the past year, the Company took new strides in development, with the total premium income surpassing RMB350 billion and the total assets exceeding RMB500 billion. The Company made the list of top 100 HK-listed companies for six consecutive years. Furthermore, Moody’s Investors Service rated the financial strength of the Company at A1 (stable outlook), the top-notch level among insurers in the mainland.