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 €420.47 Billion EUR (≈ $491.57 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€2.03 Trillion ≈ $2.37 Trillion USD) and total liabilities (€1.61 Trillion ≈ $1.88 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 tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €420.47 Billion |
| % of Total Assets | 20.74% |
| Annual Growth Rate | 11.61% |
| 5-Year Change | 41.62% |
| 10-Year Change | 145.9% |
| Growth Volatility | 5.98 |
The People's Insurance Company (Group) of China Limited - Net Assets Trend (2014–2025)
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. See The People's Insurance Company (Group) o defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for The People's Insurance Company (Group) of China Limited (2014–2025)
The table below shows the annual net assets of The People's Insurance Company (Group) of China Limited from 2014 to 2025. For live valuation and market cap data, see The People's Insurance Company (Group) o (PIR) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €420.47 Billion ≈ $491.57 Billion |
+14.44% |
| 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 426.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €217.35 Billion | 70.30% |
| Other Components | €91.84 Billion | 29.70% |
| Total Equity | €309.18 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 |
|---|---|
|
Enact Holdings Inc
NASDAQ:ACT
|
$6.02 Billion |
|
Amdocs Ltd
NASDAQ:DOX
|
$6.03 Billion |
|
Qingdao TGOOD Electric Co Ltd
SHE:300001
|
$6.03 Billion |
|
Hyundai Mipo Dockyard
KO:010620
|
$6.03 Billion |
|
Shanghai 2345 Network Holding Group
SHE:002195
|
$6.01 Billion |
|
Nexans S.A.
PA:NEX
|
$6.01 Billion |
|
Amlogic Shanghai Co Ltd
SHG:688099
|
$6.00 Billion |
|
Abbott India Limited
NSE:ABBOTINDIA
|
$6.00 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 2024 to 2025, total equity changed from 268,866,000,000 to 309,183,000,000, a change of 40,317,000,000 (15.0%).
- Net income of 46,207,000,000 contributed positively to equity growth.
- Dividend payments of 13,301,000,000 reduced retained earnings.
- Other factors increased equity by 7,411,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €46.21 Billion | +14.94% |
| Dividends Paid | €13.30 Billion | -4.3% |
| Other Changes | €7.41 Billion | +2.4% |
| Total Change | €- | 15.00% |
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: 0.08x
- 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 | €0.59 | x |
| 2018-12-31 | €3.46 | €0.59 | x |
| 2019-12-31 | €4.15 | €0.59 | x |
| 2020-12-31 | €4.58 | €0.59 | x |
| 2021-12-31 | €4.96 | €0.59 | x |
| 2022-12-31 | €5.01 | €0.59 | x |
| 2023-12-31 | €5.48 | €0.59 | x |
| 2024-12-31 | €6.08 | €0.59 | x |
| 2025-12-31 | €6.99 | €0.59 | 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): 14.94%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.14%
- • Asset Turnover: 0.32x
- • Equity Multiplier: 6.56x
- Recent ROE (14.94%) is above the historical average (12.09%), 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% | 7.03% | 0.34x | 6.57x | €15.26 Billion |
| 2025 | 14.94% | 7.14% | 0.32x | 6.56x | €15.29 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: $37,918,206,857
- Average return on equity (ROE) among peers: 9.53%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| The People's Insurance Company (Group) of China Limited (PIR) | €420.47 Billion | 14.16% | 3.82x | $6.02 Billion |
| ZhongAn Online P & C Insurance Co. Ltd (1ZO) | $20.07 Billion | 20.31% | 1.14x | $2.16 Billion |
| POWSZECHNY Z.U.ADR /1 ZY1 (7PZ0) | $65.26 Billion | 8.19% | 6.71x | $12.87 Billion |
| REVO INSURANCE SPA O.N. (H0O) | $225.62 Million | 4.68% | 0.88x | $683.94 Million |
| Insurance Australia Group Limited (NRM) | $6.35 Billion | 6.85% | 3.67x | $10.48 Billion |
| PICC Property and Casualty Company Limited (PJC) | $141.50 Billion | 10.94% | 2.89x | $13.53 Billion |
| WHITE MTNS INS. GRP DL 1 (WNI) | $3.70 Billion | -7.43% | 0.89x | $4.33 Billion |
| GJENSIDIGE FORSI.UNSP.ADR (XGJ0) | $28.31 Billion | 23.16% | 5.78x | $11.78 Billion |
About The People's Insurance Company (Group) of China Limited
The People's Insurance Company (Group) of China Limited, an investment holding company, offers insurance products and services in the People's Republic of China and Hong Kong. It operates through Property Insurance, Life Insurance, Health Insurance, Asset Management, and Headquarters and Other segments. The company provides motor vehicle, agricultural, accidental injury and health, liability, cor… Read more