The People's Insurance Co (Group) of China (HKSE:01339) Gross-Profit-to-Asset % : 32.46% (As of Mar. 2024)

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What is The People's Insurance Co (Group) of China Gross-Profit-to-Asset %?

Gross-Profit-to-Asset % is calculated as Gross Profit divided by its average Total Assets over a certain period of time. The People's Insurance Co (Group) of China's annualized Gross Profit for the quarter that ended in Mar. 2024 was HK$553,988 Mil. The People's Insurance Co (Group) of China's average Total Assets over the quarter that ended in Mar. 2024 was HK$1,706,816 Mil. Therefore, The People's Insurance Co (Group) of China's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 32.46%.

The People's Insurance Co (Group) of China Gross-Profit-to-Asset % Historical Data

The historical data trend for The People's Insurance Co (Group) of China's Gross-Profit-to-Asset % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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The People's Insurance Co (Group) of China Gross-Profit-to-Asset % Chart

The People's Insurance Co (Group) of China Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

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50.30

49.92

47.02

33.40

33.41

The People's Insurance Co (Group) of China Quarterly Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross-Profit-to-Asset %	Get a 7-Day Free Trial															35.78	24.74	42.34	32.92	32.46

Competitive Comparison of The People's Insurance Co (Group) of China's Gross-Profit-to-Asset %

For the Insurance - Property & Casualty subindustry, The People's Insurance Co (Group) of China's Gross-Profit-to-Asset %, along with its competitors' market caps and Gross-Profit-to-Asset % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

The People's Insurance Co (Group) of China's Gross-Profit-to-Asset % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, The People's Insurance Co (Group) of China's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where The People's Insurance Co (Group) of China's Gross-Profit-to-Asset % falls into.

The People's Insurance Co (Group) of China Gross-Profit-to-Asset % Calculation

The People's Insurance Co (Group) of China's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Dec. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (A: Dec. 2023 )	/	( (Total Assets (A: Dec. 2022 )	+	Total Assets (A: Dec. 2023 ))	/ count )
	=	548811.212	/	( (1582356.838	+	1703187.636)	/ 2 )
	=	548811.212	/	1642772.237
	=	33.41 %

The People's Insurance Co (Group) of China's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	553987.676	/	( (1703187.636	+	1710444.662)	/ 2 )
	=	553987.676	/	1706816.149
	=	32.46 %

In the calculation of annual Gross-Profit-to-Asset %, the Gross Profit of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Gross Profit data used here is four times the quarterly (Mar. 2024) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.

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The People's Insurance Co (Group) of China (HKSE:01339) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

PINXY:USA PIR:Germany 601319:China

Address

No. 88, West Chang’an Avenue, 1st-13th Floor, Xi Cheng District, Beijing, CHN, 100031

Website

http://www.picc.com.cn

Headquartered in Beijing, PICC Group is the largest state-owned insurance group, holding a 69% stake in PICC P&C, an 80% stake in PICC Life, and a 69% stake in PICC Health Insurance. Its P&C subsidiary is the largest nonlife insurer with about one third of market share in China. Life and health insurance subsidiaries hold about 2.9% and 1.3% share, respectively. The Ministry of Finance is the largest shareholder, with 61% share. China's Social Security Fund is the group's second-largest shareholder holding nearly 13% share.

The People's Insurance Co (Group) of China (HKSE:01339) Headlines

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