China Re P&C net profit climbs ~77% in 9M’25

China Reinsurance (Group) Corporation (China Re) released its unaudited results for the nine months ended 30 September 2025, reporting a net profit of RMB 2,246 million (USD 316m) from its property and casualty subsidiary, up approximately 77% from RMB 1,272 million (USD 178m) in the same period last year.

China Property and Casualty Reinsurance Company Ltd. (China Re P&C) recorded operating income of RMB 30,479 million (USD 4.3bn) in 9M’25. Premiums earned totalled RMB 27,714 million (USD 3.9bn), while investment income stood at RMB 2,946 million (USD 415m).

Insurance income rose 4.5% year on year to RMB 38,164 million (USD 5.4bn), compared with RMB 36,525 million (USD 5.1bn) in 9M’24.

Operating expenses amounted to RMB 27,712 million (USD 3.9bn), and operating profit was RMB 2,766 million (USD 390m) for the period. Total comprehensive income came to RMB 2,465 million (USD 347m).

China Life Reinsurance Company Ltd. (China Re Life) also reported strong results, with net profit surging 200.8% year on year to RMB 2,948 million (USD 415m) from RMB 980 million (USD 137m).

Operating income totalled RMB 42,509 million (USD 6bn), including premiums earned of RMB 35,890 million (USD 5.1bn), gross written premiums of RMB 49,525 million (USD 7bn), and investment income of RMB 6,267 million (USD 883m).

Operating expenses stood at RMB 38,820 million (USD 5.5bn), while operating profit reached RMB 3,689 million (USD 520m). Total comprehensive income was RMB 3,989 million (USD 562m) in 9M’25.

On a group consolidated basis, net profit amounted to RMB 10,304 million (USD 1.5bn), an increase of 66.4% compared to RMB 6,192 million (USD 872m). Insurance income was RMB 146,782 million (USD 20.7bn), up 0.49% from RMB 146,068 million (USD 20.6bn).