BEIJING, March 25 (Xinhua) -- The People's Insurance Company Group of China (PICC), China's leading insurer, said Monday it posted 498.6 billion yuan (74.3 billion U.S. dollars) in premium income in 2018.
Premium income grew 4.7 percent year on year, said the PICC in a statement posted on its website. Total assets stood at 1.03 trillion yuan, up 4.4 percent year on year.
PICC's net profit attributable to equity holders last year stood at about 13.45 billion yuan, down 19.2 percent year on year, according to the statement.
PICC, with headquarters in Beijing, became a listed company on the Hong Kong Stock Exchange in 2012.
With its return to the A-share market last year, the company became China's fifth insurance company listed on both the H-share and A-share market.
According to Fortune magazine, PICC ranks 117th in the Global Top 500 companies.
Premium income grew 4.7 percent year on year, said the PICC in a statement posted on its website. Total assets stood at 1.03 trillion yuan, up 4.4 percent year on year.
PICC's net profit attributable to equity holders last year stood at about 13.45 billion yuan, down 19.2 percent year on year, according to the statement.
PICC, with headquarters in Beijing, became a listed company on the Hong Kong Stock Exchange in 2012.
With its return to the A-share market last year, the company became China's fifth insurance company listed on both the H-share and A-share market.
According to Fortune magazine, PICC ranks 117th in the Global Top 500 companies.
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