The People's Insurance Company (Group) of China Limited (PIR) - Net Assets
Based on the latest financial reports, The People's Insurance Company (Group) of China Limited (PIR) has net assets worth €390.64 Billion EUR (≈ $456.70 Billion USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€1.88 Trillion ≈ $2.20 Trillion USD) and total liabilities (€1.49 Trillion ≈ $1.74 Trillion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check The People's Insurance Company (Group) o liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €390.64 Billion |
| % of Total Assets | 20.8% |
| Annual Growth Rate | 11.33% |
| 5-Year Change | 34.31% |
| 10-Year Change | 133.74% |
| Growth Volatility | 6.21 |
The People's Insurance Company (Group) of China Limited - Net Assets Trend (2014–2024)
This chart illustrates how The People's Insurance Company (Group) of China Limited's net assets have evolved over time, based on quarterly financial data. Also explore The People's Insurance Company (Group) o total assets for the complete picture of this company's asset base.
Annual Net Assets for The People's Insurance Company (Group) of China Limited (2014–2024)
The table below shows the annual net assets of The People's Insurance Company (Group) of China Limited from 2014 to 2024. For live valuation and market cap data, see The People's Insurance Company (Group) o (PIR) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €367.42 Billion ≈ $429.55 Billion |
+10.78% |
| 2023-12-31 | €331.67 Billion ≈ $387.76 Billion |
+10.21% |
| 2022-12-31 | €300.95 Billion ≈ $351.85 Billion |
+1.37% |
| 2021-12-31 | €296.89 Billion ≈ $347.10 Billion |
+8.53% |
| 2020-12-31 | €273.56 Billion ≈ $319.82 Billion |
+10.62% |
| 2019-12-31 | €247.30 Billion ≈ $289.12 Billion |
+19.87% |
| 2018-12-31 | €206.30 Billion ≈ $241.19 Billion |
+10.39% |
| 2017-12-31 | €186.88 Billion ≈ $218.48 Billion |
+9.29% |
| 2016-12-31 | €170.99 Billion ≈ $199.91 Billion |
+8.78% |
| 2015-12-31 | €157.19 Billion ≈ $183.78 Billion |
+25.18% |
| 2014-12-31 | €125.58 Billion ≈ $146.81 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to The People's Insurance Company (Group) of China Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 350.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €185.75 Billion | 69.09% |
| Other Components | €83.12 Billion | 30.91% |
| Total Equity | €268.87 Billion | 100.00% |
The People's Insurance Company (Group) of China Limited Competitors by Market Cap
The table below lists competitors of The People's Insurance Company (Group) of China Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hyundai Motor Co Pref
KO:005387
|
$5.77 Billion |
|
VisEra Technologies Co. Ltd.
TW:6789
|
$5.78 Billion |
|
Vipshop Holdings Limited
F:1VPA
|
$5.78 Billion |
|
RTL Group SA
XETRA:RRTL
|
$5.78 Billion |
|
Aluminum Corporation of China Limited
F:AOC
|
$5.76 Billion |
|
Gigabyte Technology Co Ltd
TW:2376
|
$5.76 Billion |
|
Shenyang Fortune Precision Equipment Co. Ltd. A
SHG:688409
|
$5.76 Billion |
|
Wangsu Science Tech
SHE:300017
|
$5.76 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in The People's Insurance Company (Group) of China Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 242,355,000,000 to 268,866,000,000, a change of 26,511,000,000 (10.9%).
- Net income of 42,151,000,000 contributed positively to equity growth.
- Dividend payments of 11,866,000,000 reduced retained earnings.
- Other factors decreased equity by 3,774,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €42.15 Billion | +15.68% |
| Dividends Paid | €11.87 Billion | -4.41% |
| Other Changes | €-3.77 Billion | -1.4% |
| Total Change | €- | 10.94% |
Book Value vs Market Value Analysis
This analysis compares The People's Insurance Company (Group) of China Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.09x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €3.24 | €0.57 | x |
| 2018-12-31 | €3.46 | €0.57 | x |
| 2019-12-31 | €4.15 | €0.57 | x |
| 2020-12-31 | €4.58 | €0.57 | x |
| 2021-12-31 | €4.96 | €0.57 | x |
| 2022-12-31 | €5.01 | €0.57 | x |
| 2023-12-31 | €5.48 | €0.57 | x |
| 2024-12-31 | €6.08 | €0.57 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently The People's Insurance Company (Group) of China Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 15.68%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.04%
- • Asset Turnover: 0.34x
- • Equity Multiplier: 6.57x
- Recent ROE (15.68%) is above the historical average (11.83%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 14.16% | 3.73% | 0.45x | 8.45x | €3.85 Billion |
| 2015 | 16.83% | 4.81% | 0.48x | 7.26x | €7.93 Billion |
| 2016 | 11.30% | 3.36% | 0.45x | 7.39x | €1.63 Billion |
| 2017 | 11.71% | 3.48% | 0.47x | 7.18x | €2.35 Billion |
| 2018 | 8.44% | 2.70% | 0.46x | 6.74x | €-2.39 Billion |
| 2019 | 12.07% | 4.18% | 0.47x | 6.18x | €3.79 Billion |
| 2020 | 9.90% | 3.65% | 0.44x | 6.20x | €-212.00 Million |
| 2021 | 9.79% | 3.64% | 0.43x | 6.28x | €-449.60 Million |
| 2022 | 11.04% | 3.98% | 0.41x | 6.80x | €2.30 Billion |
| 2023 | 9.21% | 4.21% | 0.34x | 6.43x | €-1.91 Billion |
| 2024 | 15.68% | 7.04% | 0.34x | 6.57x | €15.26 Billion |
Industry Comparison
This section compares The People's Insurance Company (Group) of China Limited's net assets metrics with peer companies in the Insurance - Property & Casualty industry.
Industry Context
- Industry: Insurance - Property & Casualty
- Average net assets among peers: $69,824,670,000
- Average return on equity (ROE) among peers: 7.21%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| The People's Insurance Company (Group) of China Limited (PIR) | €390.64 Billion | 14.16% | 3.81x | $5.76 Billion |
| ZhongAn Online P & C Insurance Co. Ltd (1ZO) | $17.03 Billion | -7.96% | 2.20x | $2.53 Billion |
| POWSZECHNY Z.U.ADR /1 ZY1 (7PZ0) | $65.26 Billion | 8.19% | 6.71x | $12.87 Billion |
| Insurance Australia Group Limited (NRM) | $6.98 Billion | 17.65% | 3.26x | $10.01 Billion |
| PICC Property and Casualty Company Limited (PJC) | $190.03 Billion | 10.98% | 2.40x | $12.06 Billion |
About The People's Insurance Company (Group) of China Limited
The People's Insurance Company (Group) of China Limited, an investment holding company, provides insurance products and services in the People's Republic of China and Hong Kong. It operates through Property and Casualty Insurance, Life Insurance, Health Insurance, Asset Management, and Headquarters and Other segments. The company also provides motor vehicle, agricultural, accidental injury and he… Read more