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Peak Re boosts first-half reinsurance revenue and profit
Peak Re reported net profit after tax of $89.7 million for H1 2026 and kept its solvency ratio at a healthy level.
Peak Re, the Hong Kong-based reinsurer owned by Fosun International, reported unaudited first-half 2026 results showing reinsurance revenue rose 25.0% year over year to $825.7 million. Gross written premiums increased 11.8% to $1,186.0 million as net profit after tax reached $89.7 million.
The company said its reinsurance service result remained stable at $70.4 million. Peak Re also reported net assets of $1.76 billion and said it maintained a healthy solvency ratio, supported by strong retained earnings that strengthened its capital position and financial flexibility.
Fosun noted that Peak Re’s capital and market position were reinforced earlier in the year, when Moody’s upgraded the reinsurer’s Insurance Financial Strength Rating to A3 from Baa1 in April 2026, with a stable outlook. During the reporting period, Peak Re expanded its footprint across mature European and North American markets while reinforcing its presence in emerging markets including India.
Looking ahead, Peak Re said it will continue to maintain prudent underwriting discipline, sound capital management, and a diversified portfolio to navigate evolving market conditions. Fosun’s company-wide H1 2026 results also cited total revenues of RMB86.96 billion and profit attributable to owners of the parent of RMB1.72 billion, up 160.3% year over year, amid ongoing divestment of non-strategic and non-core assets.