On the evening of August 2, China Reinsurance Group Co., Ltd. issued a preliminary performance reduction announcement for the first half of 2022, stating that according to the company's preliminary calculations, the group's net profit attributable to shareholders of the parent co

The Paper reporter Hu Zhiting

html On the evening of August 2, China Re Insurance Group Co., Ltd. (China Re Group, 1508.HK) issued a preliminary performance reduction announcement for the first half of 2022, stating that according to the company's preliminary calculations, the group's net profit attributable to shareholders of the parent company is expected to decrease by approximately 40% to 50% in the first half of 2022 compared with the same period in 2021.

In the first half of 2021, China Re Group achieved a net profit of 4.011 billion yuan attributable to shareholders of the parent company, a year-on-year increase of 462.6%. Based on this calculation, China Re Group's net profit in the first half of this year is approximately 2.006 billion yuan to 2.407 billion yuan.

Regarding the reason for the pre-reduction in net profit in the first half of the year, China Re Group stated that due to the significant fluctuations and weakening trends in the capital market , investment income declined year-on-year.

China Re Group is the only state-owned professional reinsurance company in China, approved by the State Council and established on the basis of the original China Reinsurance Co., Ltd. (established in January 1996). It was officially established on March 18, 1999. In August 2003, it was restructured and established as a wholly state-owned insurance group company on the basis of the original China Reinsurance Company.

Editor in charge: Zheng Jingxin Picture editor: Zhang Tongze

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