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01508 CHINA RE
RTNominal up0.770 +0.010 (+1.316%)

23/07/2021 17:55

China Re (01508) sees 55-65% increase in interim net

[ET Net News Agency, 23 July 2021] China Reinsurance (Group) Corporation (01508) said
it is estimated that the net profit attributable to the equity shareholders of the parent
company of the group for the first half of the year 2021 may increase by approximately 55%
to 65% as compared to the corresponding period for the year 2020.
It was mainly due to (1) the year-on-year improvement in underwriting profits of
international business as a result of the optimization of international business structure
and the increase in premium rate; and (2) the optimization of asset allocation structure
to realize gains in a timely manner by seizing opportunities arising from fluctuations in
equity market, resulting in a year-on-year increase of investment income. (RC)

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