China Re (01508) has announced its interim results for the six months ended June 30, 2026. The group achieved total revenue of RMB 63.401 billion, a year-on-year increase of 3.89%. Net profit attributable to shareholders of the parent company reached RMB 7.187 billion, up 15.11% from the same period last year, with earnings per share of RMB 0.17.
During the first half of 2026, China Re firmly adhered to its high-quality development strategy, consistently implementing its core business philosophy of "growth with scale, profitability in underwriting, and prudent investing." The company focused on enhancing its functional role, accelerating transformation breakthroughs, and strengthening operational resilience. This resulted in insurance service revenue of RMB 52.449 billion, reflecting a 2.7% year-on-year increase, while total written premiums reached RMB 102.694 billion, a slight decline of 1.1%. Net profit for the period was RMB 7.596 billion, up 15.1% year-on-year.
The group's solvency and international credit ratings have remained stable during the reporting period. China Re has maintained its A (Excellent) rating from AM Best and an A rating from S&P Global Ratings, underscoring its robust financial position. The 15.1% growth in net profit attributable to the parent was primarily driven by balanced contributions from both underwriting and investment activities, harmonized progress in domestic and international operations, steady investment returns, and improved insurance service performance.
In the property and casualty reinsurance segment, insurance service revenue for the first half of 2026 was RMB 22.952 billion, roughly flat year-on-year, accounting for 42.7% of the group's total insurance service revenue (before inter-segment eliminations). Insurance service results increased by 26.9% to RMB 2.291 billion, attributed mainly to reduced catastrophe losses in overseas operations and better-than-expected claims experience in domestic legacy business. The segment's net profit stood at RMB 2.313 billion, remaining largely unchanged compared to the prior year.