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PICC Property and Casualty Co (STU:PJC) Policy Acquisition Expense : €-11,576 Mil (As of Dec. 2024)


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What is PICC Property and Casualty Co Policy Acquisition Expense?

Policy acquisition expense is the expenses incurred by insurance companies in activities such as marketing, advertising, commissions etc. PICC Property and Casualty Co's policy acquisition expense for the six months ended in Dec. 2024 was €-6,162 Mil. Its policy acquisition expense for the trailing twelve months (TTM) ended in Dec. 2024 was €-11,576 Mil.

PICC Property and Casualty Co Policy Acquisition Expense Historical Data

The historical data trend for PICC Property and Casualty Co's Policy Acquisition Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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PICC Property and Casualty Co Policy Acquisition Expense Chart

PICC Property and Casualty Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Policy Acquisition Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8,682.83 172.71 -12,459.93 -12,478.43 -11,707.33

PICC Property and Casualty Co Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Policy Acquisition Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - -6,026.30 -6,473.53 -5,413.78 -6,161.91

PICC Property and Casualty Co Policy Acquisition Expense Calculation

Expenses incurred by insurance companies in activities such as marketing, advertising, commissions etc.

Policy Acquisition Expense for the trailing twelve months (TTM) ended in Dec. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-11,576 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

PICC Property and Casualty Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » PICC Property and Casualty Co Ltd (STU:PJC) » Definitions » Policy Acquisition Expense
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Traded in Other Exchanges
PPCCY:USA PPCCF:USA 02328:Hong Kong PJC:Germany
Address
Tower 2, No. 2 Jianguomenwai Avenue, Chaoyang District, Beijing, CHN, 100022
Website
https://property.picc.com
PICC P&C is headquartered in Beijing. The company is the largest nonlife insurer in China, commanding nearly 33% market share in the country. It was founded by the People's Bank of China in 1949. The company is a flagship subsidiary of the PICC Group, a state-owned insurance group, which owns 69% of PICC P&C. The company offers a wide range of nonlife insurance products, including auto, commercial property, liability, credit and surety bond, accidents and health, energy and aerospace, and agricultural insurance.

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