Loading…
China's largest property & casualty insurer, also offering life and health insurance through group subsidiaries.
China's largest property & casualty insurer, also offering life and health insurance through group subsidiaries.
Is a holding company: most profit comes through its stake in PICC Property and Casualty, which collects premiums and invests them until claims arrive; life, health and asset-management subsidiaries add smaller earnings. China's Ministry of Finance is the controlling shareholder. This is the Shanghai-listed share of the group, which is also listed in Hong Kong.
In one line: China's Allstate/State Farm hybrid, majority state-owned.
Moat: narrow (scale, brand, distribution). Largest domestic P&C insurance brand and distribution network, with state backing.
Headquarters: Beijing, China · Founded: 1949 · Employees: 179,898
Size People's Insurance Co. (Group) of China (601319.SS) is a China Financials company (Multi-Line Insurance) with a market value of $44.4B, the 38th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥7.26 on 6 Nov 2026.
Performance Over six months the shares gained 1.1%, against +15.5% for the median peer and -16.4% for the China market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue grew 4.1% over the last twelve months (peer median +9.4%); the operating margin is 6.5% (peer median 17.3%).
Valuation It trades at 0.96× book value against a peer median of 1.78× (2nd cheapest of 21).
Price implies The share price implies a return on equity of about 6.0%; People's Insurance Co. (Group) of China delivers 9.7%, so the price asks less than the business earns today.
Next results Next results expected around 19 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥659B | CN¥656B | CN¥608B | CN¥538B | CN¥513B |
| Revenue growth | — | +8% | +13% | +5% | — |
| Net income | CN¥31.6B | CN¥46.6B | CN¥42.9B | CN¥22.8B | CN¥25.4B |
| Free cash flow | CN¥162B | CN¥147B | CN¥116B | CN¥115B | CN¥114B |
| Capital expenditure | CN¥5.00B | CN¥4.78B | CN¥4.40B | CN¥3.57B | CN¥6.58B |
| Total debt | CN¥181B | CN¥224B | CN¥163B | CN¥149B | CN¥147B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| People's Insurance Co. (Group) of China 601319.SS | $44.4B | +1% | +4% | 10% | 0.96× | 6.0% |
| Ping An Insurance (Group) Company of China 601318.SS | $136B | -8% | +12% | 14% | 0.96× | 7.4% |
| China Pacific Insurance (Group) 601601.SS | $42.6B | -14% | +4% | 14% | 0.93× | 8.2% |
| China Life Insurance 601628.SS | $135B | -3% | +16% | 12% | 1.54× | 13.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 601319.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -8.2% | +3.5% | lowest of 21 |
| 6-month return | +1.1% | +15.5% | 4th lowest of 21 |
| Return on equity | 9.7% | 16.3% | 4th lowest of 21 |
| Price / book | 0.96× | 1.78× | 2nd cheapest of 21 |
| Trailing P/E | 10.2× | 12.2× | 8th cheapest of 21 |
| ROE the price implies | 6.0% | 10.9% | 2nd least demanding of 21 |
| ROE delivered | 9.7% | 16.3% | 4th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| People's Insurance Co. (Group) of China 601319.SS | China | $44.4B | +1% | +4% | 10% | 0.96× | 6.0% | 9.7% |
| Ms&ad Ins Gp Hldgs 8725.T | Japan | $44.4B | +22% | +21% | 17% | 1.07× | 6.9% | 16.6% |
| China Pacific Insurance (Group) 601601.SS | China | $42.6B | -14% | +4% | 14% | 0.93× | 8.2% | 14.4% |
| Power Corporation of Canada POW.TO | Canada | $40.7B | +16% | +10% | 11% | 2.42× | 15.9% | 11.0% |
| American International AIG | United States | $40.7B | +2% | +1% | 8% | 1.04× | 7.5% | 8.2% |
| Sun Life Financial SLF.TO | Canada | $40.1B | +7% | -1% | 13% | 2.38× | 13.7% | 13.5% |
| Sompo 8630.T | Japan | $39.6B | +17% | +41% | 15% | 1.14× | 6.2% | 14.6% |
| Swiss Re SREN.SW | Switzerland | $50.6B | +27% | -12% | 20% | 2.27× | 6.1% | 20.4% |
| Arch Capital ACGL | United States | $36.6B | +14% | -5% | 19% | 1.58× | 8.3% | 18.7% |
| Great-West Lifeco GWO.TO | Canada | $57.4B | +18% | +4% | 16% | 3.02× | 15.7% | 16.0% |
| Aflac AFL | United States | $62.2B | +10% | +14% | 17% | 2.06× | 12.5% | 16.9% |
| Prudential plc Sponsored ADR PUK | United States | $31.7B | -21% | +39% | 19% | 1.56× | 11.4% | 19.2% |
| MetLife MET | United States | $62.4B | +27% | +9% | 13% | 2.28× | 16.2% | 13.2% |
| Fubon Financial Hldg 2881.TW | Taiwan | $62.7B | +66% | +12% | 16% | 1.66× | 7.4% | 16.0% |
| Prudential 2378.HK | Hong Kong | $30.8B | -24% | +30% | 19% | 1.54× | 11.3% | 19.3% |
| Allstate ALL | United States | $64.4B | +20% | +6% | 46% | 2.04× | 9.9% | 46.1% |
| Aviva AV..L | United Kingdom | $29.5B | +18% | +86% | 7% | 2.46× | 23.8% | 6.8% |
| Cincinnati Financial CINF | United States | $28.5B | +15% | +10% | 17% | 1.76× | 10.6% | 16.9% |
| W. R. Berkley WRB | United States | $27.9B | +16% | +1% | 19% | 2.91× | 12.8% | 19.2% |
| Helvetia Baloise HBAN.SW | Switzerland | $27.0B | +5% | +54% | 4% | 1.80× | 4.8% | 4.0% |
| Unipol Assicurazioni UNI.MI | Italy | $23.8B | +13% | +7% | 17% | 1.62× | 14.9% | 16.9% |