People's Insurance Company of China: 2020’s results

Magazine Issue:

The insurance business in the post-Covid-19 era [3]

Magazine date:

Mar 2021

note In 2020, People's Insurance Company of China (PICC) recorded a 1.5% increase in its turnover. The latter went from 555.25 billion CNY (79.45 billion USD) in 2019 to 563.61 billion CNY (86.34 billion USD) in 2020.

The net profit was established at 20.07 billion CNY (3.08 billion USD), decreasing by 10.4% compared to 2019.

As of 31 December 2020, the Chinese group's total assets grew by 10.8% to be set at 1.26 billion CNY (193.04 million USD).

Learn more about insurance in China [4]

Mon, 29/03/2021 - 12:07

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[3] https://www.atlas-mag.net/en/issue/insurance-in-the-aftermath-of-covid-19
[4] https://www.atlas-mag.net/en/article/ping-an-world-s-largest-insurance-company