China Reinsurance (Group) Corporation (hereinafter referred to as “China Re”) was initiated and established by the Ministry of Finance of the People's Republic of China and Central Huijin Investment Ltd. The registered capital is RMB 42,479,808,085 yuan, of which the Ministry of Finance holds 11.45% and Central Huijin Investment Ltd. holds 71.56% of the shares.
China Re originated from the People's Insurance Company of China established in October 1949. In October 2007, it was restructured into an incorporated corporation. At present, China Re holds controlling stakes in 5 domestic subsidiaries, namely, China Property & Casualty Reinsurance Company Ltd. (hereinafter "China Re P&C"), China Life Reinsurance Company Ltd. (hereinafter "China Re Life"), China Continent Property & Casualty Insurance Company Ltd. (hereinafter "China Continent Insurance"), China Re Asset Management Company Ltd. (hereinafter "China Re Asset"), and Huatai Insurance Agency & Consulting Service Ltd. (hereinafter "Huatai Service"). It directly controls the following overseas subsidiaries, mainly including: China Re UK Ltd., China Re Underwriting Agency Ltd., etc. and indirectly controls the following overseas subsidiaries, mainly including: China Re Asset Management (Hong Kong) Co. Ltd., The Hanover Insurance International Holdings Limited, etc.; established one overseas branch company and three representative offices outside Mainland China, namely, Singapore Branch, London Representative Office, Hong Kong Representative Office and New York Liaison Office Inc. On October 26, 2015, China Re was listed on the Main Board of the Stock Exchange of Hong Kong Limited and became a listed company with stock code 1508.HK.
|Number of H-Shares(mil)||6,679.42|
|H-Share Market Cap (mil)||10,753.86|
|Financial Highlights, RMB millions||2015||2016||2017|
|Gross written premiums||80,434||86,677||105,336|
|Net proft attributable to equity shareholders of the parent company||7,579||5,146||5,256|
|Earnings per share (RMB)||0.20||0.12||0.12|
|Net assets per share attributable to equity shareholders of the parent company (RMB)||1.65||1.68||1.75|
|Weighted average return on equity (%)1||12.99||7.28||7.22|
Note: 1. Weighted average return on equity = Net proft attributable to equity shareholders of the parent company ÷ balance of weighted average equity.