PICC Property and Casualty Company (HKG:2328) expects a 40% to 60% boost in net profit for the nine months ended September from 26.8 billion yuan a year prior, a Thursday Hong Kong bourse filing said.

The insurer attributed the forecast to an optimized operational management model, strengthening of strategic layout in key areas, a boost in business development, implementation of digital transformation, and a higher underwriting profit among other factors.