China's PICC Reports Rise Revenue, Net Profit In 2022
Umer Jamshaid Published March 28, 2023 | 03:20 PM
BEIJING, (UrduPoint / Pakistan Point News - 28th Mar, 2023 ) --:The People's Insurance Company Group of China (PICC), China's leading insurer, registered an increase in revenue and net profit in 2022.
The business revenue of the insurer was 625.8 billion Yuan (about 91 billion U.S. Dollars) last year, up 6.
9 percent year on year, data from the company showed.
Its net profit expanded 12.2 percent from a year ago to about 34.3 billion yuan in 2022, with the total assets reaching 1.51 trillion yuan.
The insurer continued to optimize its business structure last year, with its investment in high-end manufacturing and green financing totaling 32.6 billion yuan and 65 billion yuan, respectively.
Recent Stories
Action taken against officers not recovering 85% tax: Secretary
Haiti transitional council sworn in after months of violence
IHC adjourns cipher case hearing against PTI founder till April 20,
Ukrainian village battles mines year after Russia forced out
Collective efforts needed to curb terrorism: Barrister Saif
China's Shenzhou-18 mission takes off bound for space station
Police arrest 4 suspects, recovered phones, bikes
Thousands of flights scrapped as French air traffic controllers strike
WWB directed to identify board’s land for revenue generation
Poverty to be ended by establishing border markets: Balochistan Governor
India's IndiGo to buy 30 A350 planes: Airbus
CEO APM Terminals calls on Finance Minister
More Stories From Miscellaneous
-
PDMA predicts gusty wind, rain with thunder, hails
2 days ago -
Iranian president Raisi given guard of honour at PM House
3 days ago -
Intellectuals, writers accolades Naseer Mirza on his literary contribution
4 days ago -
Bahawalpur Adabi Sangat hosts memorable mushaira
4 days ago -
Cattle farming vital to alleviate poverty in rural areas
4 days ago -
Pakistan: A land of tourism, archeological wonders
4 days ago
-
Transforming education sector: from job hunters to job creators
6 days ago -
Amjad Bobby remembered on 19th death anniversary for timeless contributions to music
10 days ago -
Legendary actor Nadeem’s 26 films released on Eid-ul-Fitr days in 50 years
11 days ago -
Besant Hall Cultural Centre to celebrate evening with Sanam Marvi on 26 April
11 days ago -
Radio Bahawalpur presents program “Eidi Shidi”
14 days ago -
Radio Bahawalpur to broadcast Eid programs
16 days ago