The People's Insurance Co (Group) of China (HKSE:01339) Total Assets : HK$1,710,445 Mil (As of Mar. 2024)

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What is The People's Insurance Co (Group) of China Total Assets?

The People's Insurance Co (Group) of China's Total Assets for the quarter that ended in Mar. 2024 was HK$1,710,445 Mil.

During the past 3 years, the average Total Assets Growth Rate was 4.70% per year. During the past 5 years, the average Total Assets Growth Rate was -1.10% per year. During the past 10 years, the average Total Assets Growth Rate was 1.70% per year.

During the past 13 years, The People's Insurance Co (Group) of China's highest 3-Year average Total Assets Growth Rate was 12.90%. The lowest was -16.70%. And the median was 5.85%.

Total Assets is connected with ROA %. The People's Insurance Co (Group) of China's annualized ROA % for the quarter that ended in Mar. 2024 was 2.28%. Total Assets is also linked to Revenue through Asset Turnover. The People's Insurance Co (Group) of China's Asset Turnover for the quarter that ended in Mar. 2024 was 0.08.

The People's Insurance Co (Group) of China Total Assets Historical Data

The historical data trend for The People's Insurance Co (Group) of China's Total Assets 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 Total Assets Chart

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

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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1,261,001.43

1,488,979.33

1,594,440.18

1,582,356.84

1,703,187.64

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
Total Assets	Get a 7-Day Free Trial															-	1,632,663.25	1,616,274.86	1,703,187.64	1,710,444.66

The People's Insurance Co (Group) of China Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

The People's Insurance Co (Group) of China's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	362772.549	+	1340415.087
	=	1,703,188

The People's Insurance Co (Group) of China's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	366060.781	+	1344383.881
	=	1,710,445

The People's Insurance Co (Group) of China (HKSE:01339) Total Assets Explanation

Total Assets is connected with ROA %.

The People's Insurance Co (Group) of China's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	38946.08	/	( (1703187.636	+	1710444.662)	/ 2 )
	=	38946.08	/	1706816.149
	=	2.28 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

The People's Insurance Co (Group) of China's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	138496.919	/	( (1703187.636	+	1710444.662)	/ 2 )
=	138496.919	/	1706816.149
=	0.08

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

The People's Insurance Co (Group) of China Total Assets Related Terms

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

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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.

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