PICC’s net profit drops 10.4%
Posted On: Mar. 25, 2021 9:50 AM CST
Insurer People's Insurance Company of China Ltd.’s net profit dropped 10.4% year-on-year to 20.07 billion Chinese yuan ($3.08 billion) in 2020, Asia Insurance Review reported. The insurer’s gross written premiums rose by 1.5% to CNY563.61 billion.