Market: Hong Kong
Symbol:1508.HK
ISIN: CNE100002342
Industry : Insurance

China Re Group is the only state-owned reinsurance group in China and one of the Fortune 500 companies, ranking first in Asia and sixth globally by reinsurance premium. It possesses profound cultural basis, leading industry position and extensive brand influence.

Strong shareholder background and sound capital strength. China Re Group was co-founded by the Ministry of Finance of the People’s Republic of China and the Central Huijin Investment Company Limited. As on 31 December 2021, the Group’s gross premium income and total assets amounted to RMB162.732 billion and RMB500.439 billion respectively.

Leader in China’s reinsurance market. China Re Group takes the function as a national reinsurer. It owns rich historical heritage, a strong comparative advantage in domestic resources, huge client base and diversified local and overseas business channels and has been playing the role as the major reinsurance channel in China’s insurance market for a long time.

Strong professional and risk management capabilities. China Re Group owns abundant industry data, preeminent professional and technical strengths and powerful innovative capacity in the industry. It also has well-experienced management and technical teams, efficient group management, prudent risk management and solid fundamental management.

Sound capacity for sustainable development. China Re Group has a remarkable performance in the reinsurance business and a comprehensive organizational structure and a complete industrial chain in insurance, which enable the Group to achieve sustainable development and steady profit growth. China Re Group has been rated “A (excellent)” continuously by A.M. Best since 2010, and rated “A+” or “A” continuously by Standard & Poor’s since 2014.

The first reinsurance group listed in Hong Kong. On 26 October 2015, China Re Group was listed on the main board of The Stock Exchange of Hong Kong Limited, becoming the first reinsurance group listed in Hong Kong (stock code: 01508.HK).

Share Graph
Share data
25/11/2022
Currency HKD
Previous Close 0.49
Change (%) 6.52
Volume 14,336,000
Number of H-Shares(mil) 6,679.42
H-Share Market Cap (mil) 3,272.91
Financial Highlights, RMB millions 2019 2020 2021
Total assets 396,638 453,577 500,439
Total liabilities 299,660 350,676 397,852
Total equity 96,978 102,901 102,587
Gross written premiums 144,973 161,574 162,732
Net profit 6,645 5,924 6,390
Net proft attributable to equity shareholders of the parent company 6,049 5,711 6,363
Earnings per share (RMB) 0.14 0.13 0.15
Net assets per share attributable to equity shareholders of the parent company (RMB) 2.05 2.19 2.19
Weighted average return on equity (%)1 7.32 6.34 6.84

Note: 1. Weighted average return on equity = Net proft attributable to equity shareholders of the parent company ÷ balance of weighted average equity.