PINXY (The People's Insurance Co (Group) of China) Tax Rate % : 13.66% (As of Jun. 2024)

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What is The People's Insurance Co (Group) of China Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. The People's Insurance Co (Group) of China's Tax Expense for the three months ended in Jun. 2024 was $424 Mil. The People's Insurance Co (Group) of China's Pre-Tax Income for the three months ended in Jun. 2024 was $3,101 Mil. Therefore, The People's Insurance Co (Group) of China's Tax Rate % for the quarter that ended in Jun. 2024 was 13.66%.

The People's Insurance Co (Group) of China Tax Rate % Historical Data

The historical data trend for The People's Insurance Co (Group) of China's Tax Rate % 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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The People's Insurance Co (Group) of China Tax Rate % Chart

The People's Insurance Co (Group) of China Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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-7.32

10.68

14.66

16.95

8.61

The People's Insurance Co (Group) of China Quarterly Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Tax Rate %	Get a 7-Day Free Trial															340.23	6.52	12.90	13.66	24.69

The People's Insurance Co (Group) of China Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

The People's Insurance Co (Group) of China's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	415.114	/	4821.994
	=	8.61 %

The People's Insurance Co (Group) of China's Tax Rate % for the quarter that ended in Jun. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Jun. 2024 )	/	Pre-Tax Income (Q: Jun. 2024 )
	=	423.587	/	3101.3
	=	13.66 %

The People's Insurance Co (Group) of China Tax Rate % Related Terms

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The People's Insurance Co (Group) of China Business Description

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Traded in Other Exchanges

01339:Hong Kong PIR:Germany 601319:China

Address

No. 88, West Chang’an Avenue, 1st-13th Floor, Xi Cheng District, Beijing, CHN, 100031

Website

http://www.picc.com.cn

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