Extended data:
As of 20 13, PICC has more than ten professional subsidiaries, including PICC P&C Insurance, PICC Assets, PICC Health, PICC Life Insurance, PICC Investment, Wenhua Holdings, PICC Capital, PICC Hong Kong, Zhongsheng International, Huaxia Broker, Zhongyuan Broker and PICC Property. China PICC also holds 32.35% of the shares of China Credit Trust. The business scope covers property insurance, life insurance, health insurance, asset management, insurance brokerage, trust, funds and other fields, forming a far-reaching insurance financial industry cluster at home and abroad.
As of 201165438+February 3 1, the total assets of PICC property insurance reached 265.644 billion yuan, an increase of 30.5% over the beginning of the year; The net cash flow from operating activities continued to increase substantially, reaching 25.642 billion yuan. PICC P&C 20 1 1 completed the rights issue of H shares and domestic shares, raised about 5 billion yuan, and the solvency adequacy ratio reached 184%, up 69 percentage points from the beginning of the year, reaching a sufficient level of Class II, and its capital strength was greatly enhanced.
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