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China Reinsurance three major subsidiaries see a change in company executives: China Re P&C welcomes a new chairman, while China Re Life and China Re Assets both have new leadership.
①China Re P&C: Liu Yuanzhang is proposed as the new chairman, while Zhu Xiaoyun will no longer serve; ②China Re Life: Tian Meipan promoted as chairman, Li Qi is proposed as the new general manager; ③China Re Assets: Li Wei promoted as chairman, Zhai Qingfeng is proposed as the new general manager.
China Reinsurance (01508.HK) reported a net profit of 2.41 billion RMB in the first three quarters, doubling year-on-year.
China Re (01508.HK) announced that the insurance business revenue for the first three quarters of this year was 9.54 billion yuan, a year-on-year decrease of 34.5%; net profit was 2.41 billion yuan, approximately doubling year-on-year. EPS was 5.7 cents, ROE was 3.85%, and comprehensive investment yield was 4.41%. As of September 30, the company's core solvency adequacy ratio and comprehensive solvency adequacy ratio were both 330%.
Express News | gtja: Bullish on two investment themes, non-silver financial and gold.
In the performance report, China Reinsurance (01508.HK) reported a significant increase in the net profit of China Re Life Insurance to 0.98 billion yuan in the first three quarters.
China Re (01508.HK) announced the financial data for the first nine months of China Re Life Insurance as of the end of September, with revenue recording 43.72 billion yuan, a 6.2% year-on-year decrease, and a net profit of 0.98 billion yuan, a significant increase of 897% year-on-year. (~vc/u)
CHINA RE: ANNOUNCEMENT - THE UNAUDITED FINANCIAL DATA AND SOLVENCY STATEMENT OF CHINA RE LIFE FOR THENINE MONTHS ENDED 30 SEPTEMBER 2024
China Re (01508): China Re Property Insurance's net income attributable to parent company for the first three quarters was 1.265 billion yuan.
china re (01508) announced that as of the nine months ended September 30, 2024, the company's subsidiary companies...
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