People's Insurance Co - Public Comps and Valuation Multiples

People's Insurance Co Overview

About People's Insurance Co

PICC Group, headquartered in Beijing, is the largest state-owned insurance group in China. It holds a 69% stake in PICC Property and Casualty, an 80% stake in PICC Life, and a 69% stake in PICC Health Insurance. The P&C subsidiary is the largest nonlife insurer in the country, with approximately one-third of market share. The life insurance and health insurance subsidiaries hold about 2.9% and 1.3% of market share, respectively. The Ministry of Finance is the largest shareholder with a 61% stake, while China's Social Security Fund is the second-largest shareholder, holding nearly 13%.

Founded

1996

HQ

Employees

175.1K+

Website

picc.com.cn

Sectors

Insurance Carriers

Financials

LTM Revenue $89.2B

Last FY EBITDA n/a

EV

$55.3B

Valuation Multiples

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People's Insurance Co Financials

As of September 2025, People's Insurance Co reported last 12-month revenue of $89.2B.

In the same period, People's Insurance Co achieved $6.3B in LTM net income.

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People's Insurance Co P&L

In the most recent fiscal year, People's Insurance Co reported revenue of $84.0B.

People's Insurance Co expects next 12-month revenue of XXX and NTM EBITDA of XXX

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	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Revenue	$89.2B	XXX	$84.0B	XXX	XXX	XXX
Gross Profit	n/a	XXX	n/a	XXX	XXX	XXX
Gross Margin	n/a	XXX	n/a	XXX	XXX	XXX
EBITDA	n/a	XXX	n/a	XXX	XXX	XXX
EBITDA Margin	n/a	XXX	n/a	XXX	XXX	XXX
EBIT	$10.6B	XXX	n/a	XXX	XXX	XXX
EBIT Margin	12%	XXX	n/a	XXX	XXX	XXX
Net Profit	$6.3B	XXX	$5.9B	XXX	XXX	XXX
Net Margin	7%	XXX	7%	XXX	XXX	XXX
Net Debt	XXX	XXX	$3.6B	XXX	XXX	XXX

Financial data powered by Morningstar, Inc.

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Financial performance metrics for People's Insurance Co including revenue, profitability, and margin analysis across different time periods. The company reported last twelve months revenue of $89.2B.
Financial Metric	Last Twelve Months (LTM)	Next Twelve Months (NTM)	Most Recent Fiscal Year	Current Fiscal Year (2025)	Next Fiscal Year (2026)	Two Years Forward (2027)
Total Revenue	$89.2B	Analyst estimates available to subscribers	$84.0B	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit	n/a	Analyst estimates available to subscribers	n/a	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit Margin	n/a	Analyst estimates available to subscribers	NaN% gross profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA (Earnings Before Interest, Taxes, Depreciation, Amortization)	n/a	Analyst estimates available to subscribers	n/a	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA Margin	n/a	Analyst estimates available to subscribers	NaN% EBITDA margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT (Earnings Before Interest and Taxes)	$10.6B	Analyst estimates available to subscribers	n/a	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT Margin	11.9% EBIT margin	Analyst estimates available to subscribers	n/a	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Income (Net Profit)	$6.3B	Analyst estimates available to subscribers	$5.9B	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Profit Margin	7.1% net profit margin	Analyst estimates available to subscribers	7.0% net profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Debt Position	Detailed debt information available to subscribers	Detailed debt information available to subscribers	$3.6B	Detailed debt information available to subscribers	Detailed debt information available to subscribers	Detailed debt information available to subscribers

Financial Performance Summary for People's Insurance Co

This financial data table provides comprehensive performance metrics for People's Insurance Co, a company based in China. The metrics include revenue, profitability measures, and operational efficiency indicators across multiple time periods.

Recent Performance Highlights

People's Insurance Co generated $89.2B in revenue over the last twelve months.
Net income over the last twelve months reached $6.3B.

Fiscal Year Performance

In the most recent fiscal year, People's Insurance Co reported $84.0B in total revenue.
The company maintained a gross profit margin of NaN% in the most recent fiscal year.
EBITDA margin for the fiscal year was NaN%.
Net profit margin reached 7.0% in the most recent fiscal year.

This financial data is sourced from Morningstar, Inc. and represents the most recent available information for People's Insurance Co. Forward-looking estimates and detailed financial projections are available through our premium subscription service.

People's Insurance Co Stock Performance

People's Insurance Co has current market cap of CNY 373B (or $52.4B), and EV of CNY 394B (or $55.3B).

Market Cap Evolution

People's Insurance Co Stock Data

As of October 30, 2025, People's Insurance Co's stock price is CNY 8 (or $1).

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EV	Market Cap	Price 1D	Price 1M	Price 3M	Price 12M	EPS
$55.3B	$52.4B	XXX	XXX	XXX	XXX	$0.14

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People's Insurance Co Valuation Multiples

People's Insurance Co's trades at 0.7x EV/Revenue multiple, and n/a EV/EBITDA.

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People's Insurance Co Financial Valuation Multiples

As of October 30, 2025, People's Insurance Co has market cap of $52.4B and EV of $55.3B.

Equity research analysts estimate People's Insurance Co's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

People's Insurance Co has a P/E ratio of 8.3x.

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Market cap (current)	$52.4B	XXX	$52.4B	XXX	XXX	XXX
EV (current)	$55.3B	XXX	$55.3B	XXX	XXX	XXX
EV/Revenue	0.6x	XXX	0.7x	XXX	XXX	XXX
EV/EBITDA	n/a	XXX	n/a	XXX	XXX	XXX
EV/EBIT	5.2x	XXX	n/a	XXX	XXX	XXX
EV/Gross Profit	n/a	XXX	n/a	XXX	XXX	XXX
P/E	8.3x	XXX	8.9x	XXX	XXX	XXX
EV/FCF	n/a	XXX	4.5x	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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People's Insurance Co Margins & Growth Rates

People's Insurance Co's last 12 month revenue growth is 6%

People's Insurance Co's revenue per employee in the last FY averaged $0.5M, while opex per employee averaged n/a for the same period.

People's Insurance Co's rule of 40 is unknown (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

People's Insurance Co's rule of X is unknown (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

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People's Insurance Co Operational Valuation Multiples

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Revenue Growth	6%	XXX	7%	XXX	XXX	XXX
EBITDA Margin	n/a	XXX	n/a	XXX	XXX	XXX
EBITDA Growth	n/a	XXX	n/a	XXX	XXX	XXX
Rule of 40	n/a	XXX	n/a	XXX	XXX	XXX
Bessemer Rule of X	XXX	XXX	n/a	XXX	XXX	XXX
Revenue per Employee	XXX	XXX	$0.5M	XXX	XXX	XXX
Opex per Employee	XXX	XXX	n/a	XXX	XXX	XXX
S&M Expenses to Revenue	XXX	XXX	2%	XXX	XXX	XXX
G&A Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
R&D Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
Opex to Revenue	XXX	XXX	n/a	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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