Financial year 2022: China Re projects a sharp decline in net profit

China Re is expecting a 60-70% decline in its 2022 net income. This drop would be due to the decrease in the investment income, the fluctuations of the capital market due to the pandemic, the geopolitical conflicts and macroeconomic pressures.

By way of reminder, the state-owned reinsurer has recorded a net profit of 1.637 billion CNY (244.3 million USD) in the first half of 2022, down by 41% compared to the same period of 2021.