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69 Dongheyanjie, Xuanwumen Beijing 100052, China Tel. +86-10-6315-6688 Fax +86-10-6303-3589 |
Type: Public
On the web:
http://www.piccnet.com.cn
Employees:
59,669
PICC Property and Casualty (PICC P&C) is the leading property and casualty (P&C) insurer in bustling China. Founded in 1949 as the state-owned People's Insurance Company of China (now known as PICC Group), PICC P&C was spun off in 2003. It operates throughout most of China with more than 10,000 branch offices providing primarily auto insurance (more than 70% of sales). Additional types of coverage include commercial property, liability, accident, and homeowners insurance. PICC Group holds 70% of the company while beleaguered US firm AIG holds 10% of its shares.
Key numbers for fiscal year ending December, 2008:
Sales: $12,424.4M
One year growth: 19.0%
Net income: $7.3M
Income growth: (98.2%)
Officers:
Chairman: Wu Yan
Vice Chairman and President: Liability Insurance
Competitors:
China Pacific Property Insurance
CNinsure
Ping An Insurance
