PICC Property and Casualty Company Limited
2328Company Overview
The company was founded exclusively by China People's Insurance Group in July 2003, and is the largest property insurance company in mainland China. The Company was successfully listed on the main board of the Hong Kong Stock Exchange on November 6, 2003, becoming the first financial enterprise in mainland China to be listed overseas. Currently, the total share capital of the Company is 22,242,765,303 shares, of which China People's Insurance Group holds 68.98% of the shares and H share shareholders hold 31.02% of the shares.
Country
HK
Market Cap
$26.46B
Last Fiscal Year
2023
Final Shariah Status
Failed
Compliance Analysis Overview
Shariah Compliance Benchmarks:
- Business Compliance: Non-Shariah compliant revenue must be less than 5% of total revenue
- Liabilities Compliance: Interest-bearing debt must be less than 33% of market capitalization
Business Compliance
99.96%
failed
Liabilities Compliance
196.83%
failed
Final Shariah Status
Failed
This stock does not meet all Shariah compliance criteria according to AAOIFI standards.
Stock Information
| Name | PICC Property and Casualty Company Limited |
| Ticker | 2328 |
| Main Business | Insurance—Property & Casualty |
| Type | Common Stock |
| Industry | Insurance—Property & Casualty |
| Country | HK |
| Market Cap | $26.46 B |
Shariah Analysis Breakdown
Business compliance Breakdown
| Revenue Segment | Value ($M) | Non-Compliant ($M) | Reason |
|---|---|---|---|
| Insurance revenue | $457,203.0 | $457,203.0 | - |
| Finance income from reinsurance contracts held | $1,246.0 | $1,246.0 | - |
| Interest income from financial assets not measured at fair value through profit or loss | $11,710.0 | $11,710.0 | - |
| Other investment income | $4,077.0 | $4,077.0 | - |
| Other income | $195.0 | $0.0 | - |
| Share of profit or loss of associates and joint ventures | $5,530.0 | $5,530.0 | - |
| Foreign exchange gains | $111.0 | $111.0 | - |
| Total | $480,072.0 | $479,877.0 | 99.96% (failed) |
Liabilities Compliance Breakdown
| Liability Item | Value ($M) | % of Market Cap |
|---|---|---|
| insurance contract | $52,079,831,932.8 | 196.83% |
| Total Interest-Bearing Debt | $52,079,831,932.8 | 196.83% |
| Market Capitalization | $26,459,897,435.9 | 100.00% |
| Compliance Status | Threshold: 33% | failed |