C

China Reinsurance Group Corp
F:C53

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China Reinsurance Group Corp
F:C53
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Price: 0.126 EUR -0.24% Market Closed
Market Cap: €5.4B

China Reinsurance Group Corp
Investor Relations

China Reinsurance Group Corp is a reinsurance company. It does not sell insurance policies directly to most ordinary customers; instead, it sells insurance protection to insurance companies. Those insurers pay China Reinsurance to share large or hard-to-predict risks, such as major property losses, accidents, or disasters, and China Reinsurance helps them absorb claims that would otherwise be too large for one insurer to handle alone. The company makes money mainly by charging reinsurance premiums and by investing the float it receives before claims are paid. It also works in related insurance services and risk management, depending on the business line and subsidiary. Its main customers are primary insurers, and in some cases governments or large commercial clients that need specialized coverage through the insurance market. What makes this business different is its role in the insurance chain. China Reinsurance sits behind the insurers, helping keep the broader insurance system stable by spreading risk across many policies, regions, and events. That means its business depends less on retail policy sales and more on underwriting discipline, loss experience, and the strength of the insurance market it supports.

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Last Earnings Call
Fiscal Period
Q1 2023
Call Date
Apr 27, 2023
AI Summary
Q1 2023

Net Profit Growth: China Re reported Q1 net profit of RMB 240 million, up more than 40% year-on-year.

Insurance Income: Group insurance income reached RMB 2,014 million in Q1.

International Expansion: Overseas reinsurance premiums rose 16.6%, with stable operations despite catastrophe losses.

Solit Investment Returns: Q1 investment returns grew around 20% year-on-year.

Accounting Rule Change: New accounting standards led to significant changes in financial reporting, with an expected downward trend in net profit due to separation of investment and main business.

Strong Surety & Non-Motor Growth: Double-digit growth in surety product income and rapid growth in non-motor insurance.

Key Financials
Core Capital
RMB 77,070 million
Net Asset
RMB 62,078 million
Insurance Contract Liability
RMB 40,144 million
Insurance Income (Group)
RMB 2,014 million
Net Profit (Group)
RMB 240 million
Insurance Income (China Re L&H)
RMB 215 million
Insurance Income (China Continental Insurance)
RMB 15,133 million
Net Profit (China Continental Insurance)
RMB 58 million
Combined Investment Yield (China Continental Insurance)
1.01%
International Reinsurance Premium
up 16.6%
Total International Business
USD 42 million
Co-solvency (China Continental Insurance)
RMB 21.079 billion
Other Earnings Calls

Management

Mr. Chunlei He
Executive Chairman
No Bio Available
Mr. Qianzhi Zhuang
President, Chief Risk Officer & Vice Chairman
No Bio Available
Mr. Meipan Tian
Assistant to the President, Chief Actuary & Chief Financial Officer
No Bio Available
Mr. Shunming Cao
Assistant to President, Chief Risk Officer & Compliance Controller
No Bio Available
Mr. Yuanzhang Liu
Assistant to the President, Joint Company Secretary, HR Director & GM of HR Department
No Bio Available
Ms. Xiaoyun Zhu
Executive Director
No Bio Available
Ms. Sau Mei Ng ACIS, ACS, FCIS, FCS
Joint Company Secretary
No Bio Available
Mr. Ruohong Luo
Vice President of China Re Assets
No Bio Available
Shukai Liu
Director of BOD Office
No Bio Available
Mr. Xiaowei Lu
Vice President of China Continent Insurance
No Bio Available

Contacts

Address
BEIJING
Beijing
China Reinsurance Building, No.11 Jinrong Street, Xicheng District
Contacts
+861066576666.0
www.chinare.com.cn
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