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China Reinsurance’s P&C net income dips in first half 2026
China Re’s property and casualty unit reported H1 2026 net income of RMB 2,313 million, a 1.1% decline year over year, while overseas P&C premium income rose 3%.
China Reinsurance (Group) Corporation released unaudited results for the first half of 2026, reporting net income of RMB 2,313 million from its property and casualty subsidiary, China Property and Casualty Reinsurance Company, a slight 1.1% decrease versus RMB 2,338 million in the prior year period, according to Reinsurance News. The China Re P&C unit posted total income of RMB 25,569 million in H1 2026, down from RMB 26,199 million in H1 2025. Insurance revenue was virtually flat at RMB 22,952 million, and domestic P&C reinsurance premiums rose 1.4% year over year to RMB 21,737 million, while reinsurance premium allocation shifted to a loss of RMB 3,385 million, compared with a loss of RMB 3,167 million in H1 2025.
Overseas P&C reinsurance and the Chaucer business generated total premium income of RMB 18,064 million, up 3% year over year. Even as insurance revenue at that segment declined 4.8% to RMB 12,208 million, the insurance service result rose 31.7% to RMB 1,752 million, with a combined ratio of 81.87%, improving by 5.08 percentage points from the year-ago period.
The group also reported results for China Life Reinsurance, with net profit increasing to RMB 3,711 million from RMB 2,852 million in H1 2025, and group consolidated net profit rising 15.1% to RMB 7,159 million. Operating income reached RMB 63,401 million, compared with RMB 61,028 million in H1 2025, the outlet said.