China Pacific Insurance (Group) Co., Ltd. (601601: CNE1000008M8) – Recent Developments and Financial Data
China Pacific Insurance (Group) Co., Ltd. (CPIC), a major player in the life and non-life insurance sectors, has recently been the subject of several news items relevant to its stock performance and business operations. Data from March 21, 2025, indicates a 5-day change of -0.47% in the stock price.
Recent News Highlights
- Chairman Resignation: China Pacific Property Insurance announced the resignation of its chairman, Gu Yue, with a successor named.
- Premium Income: Recent reports show fluctuations in premium income for the company’s subsidiaries.
- Shareholder Activity: Blackrock, Inc. has adjusted its long position in H-shares of China Pacific Insurance (Group), according to filings with the Hong Kong Stock Exchange.
Stock Performance and Financial Data
As of the closing of 03:27am, the stock price was 31.73 CNY.
- Year-to-date change: -6.90%
Company Profile
China Pacific Insurance (Group) Co., Ltd. operates primarily in two sectors:
- Life Insurance: This segment accounted for 63% of gross written premiums.
- Non-Life Insurance: This includes car, fire, casualty and health, travel insurance, and represents 37% of the gross written premiums.
CPIC utilizes brokers, agents, and direct sales representatives to market its products and services. Further financial data is expected to be released on March 25, 2024, when they release their Q4 2024 earnings.
