PICC boosts dividend 15.4% to record high

** The People's Insurance Company Group of China (PICC, SSE:601319) announced a 15.4% increase in its proposed final dividend, reaching a record high for the company. The board recommends a cash dividend of CN¥1.17 per share, bringing the total payout for 2024 to CN¥0.18 per share, or CN¥7.96 billion, pending shareholder approval. The decision reflects PICC’s strong financial performance, with net profit attributable to equity holders of the company growing 88.2% to CN¥42.151 billion.