China Re reports solid first half 2025 performance with profit growth

China Reinsurance (Group) Corporation reported a net profit of RMB6,599 million for the six months ended June 30, 2025, an 11.4% increase from the RMB5,922 million reported in the same period of 2024. Operating income also saw a modest rise of 0.6% to RMB61,028 million. Net profit attributable to equity shareholders of the parent company increased by 9.0% to RMB6,244 million, resulting in basic earnings per share of RMB0.15, compared to RMB0.13 in the prior year.

The Group's total assets grew by 1.6% to RMB516,446 million as of June 30, 2025. Total equity increased by 3.7% to RMB116,781 million. The annualised weighted average return on equity was 11.75%, a slight decrease of 0.10 percentage points year-on-year. The core solvency adequacy ratio for the Group improved by 2 percentage points to 161%, while the aggregated solvency adequacy ratio remained stable at 194%.

Insurance revenue for the P&C reinsurance segment decreased by 2.2% to RMB22,959 million, mainly due to a decline in domestic agriculture insurance. However, net profit for this segment decreased by 9.3% to RMB2,338 million due to underwriting performance and investment income. The life and health reinsurance segment experienced a 19.2% decrease in insurance revenue to RMB4,738 million but recorded a 13.6% increase in net profit to RMB2,853 million, driven by higher investment income.