PICC Property and Casualty Full Year 2024 Earnings: Revenues Beat Expectations, EPS In Line

PICC Property and Casualty (HKG:2328) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥512.2b (up 8.0% from FY 2023).
• Net income: CN¥32.2b (up 31% from FY 2023).
• Profit margin: 6.3% (up from 5.2% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: CN¥1.45 (up from CN¥1.11 in FY 2023).

We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.

All figures shown in the chart above are for the trailing 12 month (TTM) period

PICC Property and Casualty Revenues Beat Expectations

Revenue exceeded analyst estimates by 8.9%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Insurance industry in Hong Kong.

Performance of the Hong Kong Insurance industry.

The company's shares are down 2.2% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with PICC Property and Casualty.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.