PICC Property and Casualty (HKG:2328) recorded a decline in net profit in the first quarter of 2026 to 8.63 billion yuan from 11.3 billion yuan a year prior, according to a Wednesday Hong Kong bourse filing.
Operating income for the three months slipped to 127.9 billion yuan from 128.6 billion yuan in the year-ago period.
Original insurance premium income jumped 1.4% in the first quarter to 183 billion yuan.
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