The Company is an investment holding company. The Company operates its property and casualty insurance business through PICC Property and Casualty Company.
The People's Insurance Company of China Limited, known as PICC Group or just PICC, is a Chinese listed insurer. The Chinese Central Government is the controlling shareholder. The group contains the major subsidiaries: PICC Asset Management, PICC Life as well as PICC Property and Casualty. Founded in October 1949, The People’s Insurance Company (Group) of China is the first nation-wide insurance company in the People’s Republic of China and has developed into a leading large-scale integrated insurance financial group in the PRC, ranking 208th on the Global 500 (2014) published by the Fortune magazine.
