Movement Alert|PICC P&C Rises 3.02% in Regular Trading, Southbound Funds Accumulate as Brokers Highlight Claims Ratio Improvement

Market Focus07-29

On July 29, PICC P&C rose 3.02% in regular trading, reaching HKD 16.65 per share with turnover of HKD 813 million, extending gains from the previous session's sharp rebound.

On the news front, southbound capital has been continuously accumulating PICC P&C shares, with net purchases of 16.12 million shares over the past 5 trading days and 24.10 million shares over 20 trading days, bringing the southbound holding ratio to 31.8%. Meanwhile, GF Securities recently maintained its buy rating, noting that natural disaster losses in the first half declined 22.1% year-on-year to RMB 42.14 billion, which is expected to further optimize the company's claims ratio on an already low base. The broker also highlighted that the non-motor insurance \"reporting and practice alignment\" policy continues to advance while motor insurance expense ratios have declined significantly, creating a positive resonance effect on the overall underwriting environment.

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