中国人民保险集团股份有限公司（PEOPLE'S INSURANCE CO. OF CHINA）2019年年度报告（英文版）（240页）.pdf

1、H Share Stock Code:1339Annual Report 2019Annual Report 2019Company ProfileThe Company is the first nation-wide insurance company in the Peoples Republic of China(the“PRC”),established in October 1949,and has developed into a leading large-scale integrated insurance financial group in the PRC,ranking

2、 the 121st in the List of Fortune Global 500(2019)published by the Fortune magazine.The Company operates its property and casualty(“P&C”)insurance business in the PRC through PICC P&C(listed on Hong Kong Stock Exchange,stock code:02328)and in Hong Kong through PICC Hong Kong,in which the Company hol

3、ds approximately 68.98%and 75.00%equity interests,respectively.The Company operates its life and health insurance businesses through PICC Life and PICC Health,in which the Company,directly and indirectly,holds 80.00%and approximately 95.45%equity interests,respectively.The Company centrally and prof

4、essionally manages most of its insurance assets through PICC AMC,in which the Company holds 100%equity interest,and holds a 100%equity interest in PICC Investment Holding which is a professional investment company specialising in real estate investments.The Company carries out alternative investment

5、s with debt investment and equity investment businesses as the main line for insurance capital and non-insurance capital within and outside the Group through PICC Capital in which it holds a 100%equity interest.The Company takes PICC Financial Services as a professional platform for the layout of in

6、ternet finance in which the Company holds 100%equity interest.The Company operates reinsurance business within and outside the Group through PICC Reinsurance in which the Company,directly and indirectly,holds 100%equity interest.The Company engages in corporate annuities and occupational annuities b