Paper news reporter Hu Zhiting
On the evening of August 2, China Reinsurance Group Co., Ltd. (China Re Group, 1508.HK) issued an announcement on the pre-reduction of performance in the first half of 2022, stating that, based on the company’s preliminary calculations, it is expected that in the first half of 2022, the Group will Net profit attributable to shareholders of the parent company decreased by approximately 40% to 50% compared with the same period in 2021.
In the first half of 2021, China Re Group realized a net profit attributable to shareholders of the parent company of 4.011 billion yuan, a year-on-year increase of 62.6%. Based on this calculation, the net profit of China Re Group in the first half of this year is about 2.006 billion to 2.407 billion yuan.
Regarding the reason for the pre-decrease in net profit in the first half of the year, China Re Group stated that investment income fell year-on-year due to the capital market 's large fluctuations and weakening trends.
China Re Group is the only state-owned professional reinsurance company in China established on the basis of the original China Insurance Reinsurance Co., Ltd. (established in January 1996) with the approval of the State Council. It was formally established on March 18, 1999, and established in 2003. In August, a wholly state-owned insurance group company was restructured and established on the basis of the former China Reinsurance Company.
Editor in charge: Zheng Jingxin Picture editor: Zhang Tongze
Proofreading: Zhang Yan
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