PICC Property & Casualty Co. Ltd. announced that it has entered into a Reinsurance Framework Agreement with PICC HK on 31 December 2025. Under the agreement, the company will cede insurance premiums to PICC HK in exchange for commissions, while PICC HK will also cede insurance premiums to the company in similar transactions. The arrangement aims to diversify risks, stabilize operations, and leverage PICC HK's overseas business advantages to support further development of reinsurance business related to China-overseas interests. As of the announcement date, PICC Group holds 68.98% of the total share capital of PICC Property & Casualty Co. Ltd.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PICC Property & Casualty Co. Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20251231-11972696), on December 31, 2025, and is solely responsible for the information contained therein.