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China Property & Casualty Insurance, the full name of China United Property & Casualty Insurance Co., Ltd. The company was founded on July 15, 1986. In 2002, with the approval of the State Council, it was named "China" and became the only state-owned insurance company in the country named "China". As of the end of December 2023, China Property & Casualty Insurance's registered capital was RMB 14.64 billion, and the company's comprehensive solvency adequacy rate was 196.32%. In 2023, China Property & Casualty Insurance will achieve premium income of 65.245 billion yuan, ranking fifth in the property insurance market in terms of premium scale, ranking first in the country in terms of agricultural insurance business scale, and ranking third in the property insurance market in terms of policy health insurance business. Fitch Ratings has awarded the company an "A-" financial strength rating for eight consecutive years, with a stable long-term outlook.