News Reinsurance01 May 2019

China:Reinsurer reports a spike in profits in first-quarter 2019

China Re has reported a consolidated net profit of CNY1.293bn ($183m) in Q1 2019 marking a 17.15% rise from the previous year, according to a company announcement. For the year ended 31 December 2018, China Re's net profits had plunged by 27% to CNY3.9bn due to factors including lower investment gains.

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