PICC Group's 1Q Net Profit Rebounds on Strong Investment Return and Lower Tax Rate
With revenue growing 7%, no-moat PICC Group’s first-quarter net profit growth rebounded 12% from the year-ago period, up from a 20% decline in 2018. As expected, the results reflected ongoing restructuring of the life insurance business and worsening underwriting profitability of the property-casualty insurance business. The 24% increase in investment return and lower tax rate helped offset this negative impact over the quarter, leading to a solid bottom-line rebound. Because the results are lar...People's Insurance Company of China, through more than 10 subsidiaries, is engaged in property and casualty insurance, life insurance, health insurance, asset management, insurance brokerage and trust, fund, insurance financial industry cluster and integrated business group structure for the public and agencies Group provides comprehensive insurance and financial services.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.