China Re: 2022 results

China Re closed the year 2022 with a 4.3% turnover increase in local currency. Written premiums grew from 162.7 billion CNY (25.5 billion USD) as at 31 December 2021 to 169.8 billion CNY (24.5 billion USD) a year later.

The reinsurer's net profit fell sharply by 68% to 1.9 billion CNY (274.3 million USD), compared to the 6 billion CNY (941.4 million USD) reported at the end of 2021.

Despite the significant losses related to the Russian-Ukrainian conflict and to natural disasters, the Chinese group continued to post good technical results in 2022.

China Re proposes the distribution of a dividend of 0.014 CNY (0.002 USD) per share, payable as from 22 August 2023.