CHINA RE (01508) released its annual performance, with a net profit attributable to shareholders of 9.771 billion yuan, a decrease of 7.44% year-on-year.

China Re (01508) announced its annual performance for the year ending on December 31, 2025. The group achieved operating income of RMB 124.928 billion (in the same unit), an increase of 5.75% year-on-year; net profit attributable to the parent company's shareholders was RMB 9.771 billion, a decrease of 7.44% year-on-year; earnings per share were RMB 0.23; proposed final dividend of RMB 0.0691 per share. The announcement stated that the decrease in profit was mainly due to cautious evaluation of assets and liabilities based on macroeconomic environment and market changes, further enhancing sustainable growth resilience. In 2025, China Re firmly grasped the primary task of high-quality development, unwaveringly implementing the operating philosophy of "development with scale, underwriting with increased efficiency, and investment with prudence", deepening business structure adjustments, achieving total premium income of RMB 180.368 billion, a year-on-year growth of 1.1%, and achieving insurance service income of RMB 103.087 billion, a year-on-year growth of 1.7%; actively responding to external market changes and internal business transformation, prudently evaluating assets and liabilities, achieving a net profit of RMB 10.217 billion, a year-on-year decrease of 7.8%, with the group's solvency and international ratings remaining stable. The group maintained a excellent Beizhi rating of "A (Excellent)" and a S&P Global rating of "A" throughout the reporting period, with sound financial condition. In 2025, the property reinsurance segment's insurance service income was RMB 45.812 billion, a decrease of 0.5% compared to the previous year, accounting for 43.7% of the group's insurance service income (excluding offsetting between segments). Pre-tax profit was RMB 6.566 billion, remaining stable year-on-year. Net profit was RMB 5.114 billion, a decrease of 1.2% compared to the previous year.