Single giant insurer captures lion's share of profits in non-life market

By AIR team | 22 May 2026

China Property & Casualty Financial Performance

PICC Property & Casualty Insurance, the largest nonlife insurer in China, contributed CNY16.34bn ($2.4bn) or nearly 65% ??of the combined profits of over CNY25bn of 87 non-life insurers in the first quarter of this year.

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