Summary by Moomoo AI
PICC Property and Casualty announced its 2024 annual performance report, achieving total premium income of 538.06 billion yuan, a year-on-year increase of 4.3%; net profit reached 32.16 billion yuan, a significant year-on-year growth of 30.9%. The comprehensive cost ratio remained at a good level of 98.8%, total investment return rate reached 5.5%, and solvency adequacy ratio maintained a solid level of 232.6%. By the end of 2024, the company's total investment asset scale reached 730.31 billion yuan, among which fixed-income investments accounted for 182.32 billion yuan, financial assets measured at fair value with changes included in other comprehensive income amounted to 286.59 billion yuan, and financial assets measured at fair value with changes included in the current profit and loss were 135.3 billion yuan. The company continues...Show More
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