EarningsPICC P&C reported a strong earnings alert, with net profit expected to surge significantly, driven by improved cost ratios and optimized asset allocation.
Investment IncomeInvestment income surged 68% YoY to RMB 34.9bn, implying a yield of 5.5%, primarily driven by the fair value gains from allocations to FVTPL equities.
Strategic InitiativesThe insurer's strategic shift to FVOCI assets helped smooth investment income growth amid market fluctuations.