China Reinsurance (01508) announced interim results. Net profit to mother of 7.187 billion yuan increased 15.11% year-on-year

According to the Zhitong Finance App, China Reinsurance (01508) announced interim results for the six months ended June 30, 2026. The group obtained total revenue of 63.401 billion yuan, an increase of 3.89% over the previous year; net profit attributable to shareholders of the parent company was 7.187 billion yuan, an increase of 15.11% year on year; and profit per share was 0.17 yuan.

In the first half of 2026, China Insurance firmly grasped the main line of high-quality development, unswervingly implemented the business philosophy of “developing on a large scale, improving efficiency, and investing steadily”, focusing on enhancing functional role, accelerating transformation breakthroughs, continuously enhancing business development resilience, achieving insurance service revenue of 52,494 billion yuan, an increase of 2.7% year on year, total premium income of 102,694 billion yuan, down 1.1% year on year, and achieved net profit of 7.596 billion yuan, up 15.1% year on year. The Group's solvency and international ratings remained stable during the reporting period. Continue to maintain a Bayesian rating of “A (Excellent)” and a S&P global rating of “A”, and maintain a stable financial position.

In the first half of 2026, the Group achieved net profit attributable to shareholders of the parent company of 7.187 billion yuan, an increase of 15.1% over the previous year. The main reason is that we adhere to the business philosophy of “develop on a large scale, increase insurance efficiency, and invest steadily”, the underwriting and investment sides are working in balance, domestic and international business is coordinated and progressing in parallel, investment income remains steady, and insurance service performance increased year on year.

In the first half of 2026, the property reinsurance division's insurance service revenue was 22.952 billion yuan, the same as the previous year, accounting for 42.7% of the Group's insurance service revenue (not considering inter-division offsets). Insurance service performance was 2.291 billion yuan, up 26.9% year on year. The main reasons for the increase in insurance service performance: first, the reduction in catastrophic losses in overseas business; second, the level of compensation in historical domestic business was better than expected. Net profit of 2,313 billion yuan was basically the same as the previous year.