2328PICC Property and Casualty Company Limited

PICC Property and Casualty Company Limited is a major provider of nonlife insurance services ranked as the largest property and casualty insurer in the People’s Republic of China, holding close to one-third of the domestic market share. The company specializes in a broad spectrum of insurance products, including motor vehicle, commercial property, cargo, liability, accidental injury, short-term health, agriculture, credit, surety, household property, and marine hull insurance, as well as related reinsurance and investment activities. PICC Property and Casualty operates with a dual focus on individual and corporate clients, managing risk for over 128 million personal customers and 4.4 million businesses annually. It plays a critical role in supporting China’s national development strategies, notably technology finance, green finance, and rural revitalization through products like agriculture and catastrophe insurance. The company is recognized for its financial strength, evidenced by substantial total assets and robust solvency margins, and has demonstrated consistently high levels of profitability and operational resilience. Its leadership in risk management and innovation ensures continued influence and stability within China's insurance sector, making it a pivotal component of the nation’s broader financial infrastructure.