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China Re’s net profit up ~91% in 2024

Summary by ReinsuranceNe.ws
China Re, the country’s state-owned reinsurance company, reported a net profit of RMB 11,080,440 million (USD 1.53bn) for the year ended 31 December 2024, marking a roughly 91% increase from RMB 5,790,593 million (USD 797m) recorded the same period a year prior. This increase aligns with China Re’s estimate released last month, which projected an 80% to 100% year over year increase in net profit, driven by improved underwriting and investment pe…
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China Re’s net profit up ~91% in 2024

China Re, the country’s state-owned reinsurance company, reported a net profit of RMB 11,080,440 million (USD 1.53bn) for the year ended 31 December 2024, marking a roughly 91% increase from RMB 5,790,593 million (USD 797m) recorded the same period a year prior. This increase aligns with China Re’s estimate released last month, which projected an 80% to 100% year over year increase in net profit, driven by improved underwriting and investment pe…

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ReinsuranceNe.ws broke the news in on Friday, March 28, 2025.
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