China Reinsurance (Group) Corp. Class H (HK:1508) has released an update.
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China Reinsurance (Group) Corporation has reported a significant rise in its unaudited interim profits for the first half of 2024, with net profit escalating to 5.92 billion Renminbi from 2.07 billion in the same period of the previous year. This financial leap is reflected in the earnings per share, which increased from 0.05 to 0.13 Renminbi. The results are a testament to the company’s robust operating income, which grew to over 60 billion Renminbi, and improved investment income that turned around from a previous loss.
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