China Reinsurance (Group) Corporation (01508) said it is estimated that the net profit attributable to the equity shareholders of the parent company of the group for the first half of the year 2021 may increase by approximately 55% to 65% as compared to the corresponding period for the year 2020.
It was mainly due to (1) the year-on-year improvement in underwriting profits of international business as a result of the optimization of international business structure and the increase in premium rate; and (2) the optimization of asset allocation structure to realize gains in a timely manner by seizing opportunities arising from fluctuations in equity market, resulting in a year-on-year increase of investment income.
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