Is Zhao Yan Property Insurance a State-owned enterprise?

Yes Zhao Yan Property & Casualty Insurance is a state-owned capital investment and operation company under the Ministry of Finance of People's Republic of China (PRC) and an insurance company under the People's Insurance Group of China. It is a comprehensive insurance company with state-owned background and one of the leading insurance companies in China. Therefore, Zhao Yan Property Insurance is a state-owned enterprise.