China Re Group is the only state-owned reinsurance group in China. In terms of reinsurance premium income, it ranks first in Asia and eighth in the world. 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 at31 December 2017, the Group’s total assets and net assets amounted to RMB242.800 billion and RMB75.370 billion, respectively.
Leader in China 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 the insurance market of China for a long period of time.
Strong professional and risk management capabilities. China Re Group has owned abundant industry data, preeminent professional and technical strength and powerful innovative capacity in industry. It also has well-experienced management and technical teams, highly efficient and collectivized supervision, prudent risk management and solidified fundamental management.
Steadiness in capabilities for sustainable development. China Re Group has a remarkable performance in core business and a complete organizational structure and a complete industrial chain in insurance which enable the Group to achieve sustainable development and steady growth in profit. Since 2010, China Re Group has been rated “A (excellent)” by A.M. Best for eight consecutive years, rated “A+” by Standard & Poor’s for three consecutive years during 2014–2016 and rated “A” by Standard & Poor’s in 2017.
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).