News China01 Apr 2022

PICC's portfolio adjustments result in higher non-motor business in 2021

| 01 Apr 2022

PICC (Group) of China has posted pre-tax profits of CNY35.6bn ($5.6bn) for 2021, representing a jump of 12.6% over 2020. The increase in pre-tax net profit was achieved on the back of total income of CNY594.6bn for the financial year ended 31 December 2021, which was 2.2% higher than in 2020.

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