CHINA RE (01508) announced its interim results, with a net profit attributable to shareholders of 7.187 billion yuan, an increase of 15.11% year-on-year.

CHINA RE (01508) released its interim results for the six months ending June 30, 2026. The group reported total revenue of 63.401 billion yuan, an increase of 3.89% year-on-year; net profit attributable to shareholders of the parent company was 7.187 billion yuan, up 15.11% year-on-year; earnings per share were 0.17 yuan. In the first half of 2026, China Re steadfastly grasped the main line of high-quality development, unwaveringly implemented the business philosophy of "scale in development, profitability in underwriting, and stability in investment," focused on enhancing functionality, accelerated transformational breakthroughs, continuously strengthened operational resilience, achieving insurance service revenue of 52.449 billion yuan, a year-on-year increase of 2.7%. Total premium income was 102.694 billion yuan, a decline of 1.1% year-on-year. Net profit reached 7.596 billion yuan, reflecting a year-on-year increase of 15.1%. The group's solvency and international ratings remained stable during the reporting period, maintaining a Best's rating of "A (Excellent)" and a S&P Global rating of "A," with a robust financial condition. In the first half of 2026, the group achieved net profit attributable to shareholders of the parent company of 7.187 billion yuan, a year-on-year increase of 15.1%. The main reasons are as follows: we adhered to the business philosophy of "scale in development, profitability in underwriting, and stability in investment," balancing efforts on both underwriting and investment while coordinating domestic and international businesses. Investment returns remained stable, and the performance of insurance services grew year-on-year. In the first half of 2026, the property reinsurance segment reported insurance service revenue of 22.952 billion yuan, unchanged year-on-year, accounting for 42.7% of the group's insurance service revenue (excluding inter-segment offsets). Insurance service performance was 2.291 billion yuan, an increase of 26.9% year-on-year. The growth in insurance service performance was primarily due to: first, a reduction in catastrophe loss in overseas businesses; second, better-than-expected payout levels for historical domestic business. Net profit was 2.313 billion yuan, remaining essentially unchanged year-on-year.