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China's largest reinsurer, providing property, casualty and life reinsurance to domestic and international insurers.
China's largest reinsurer, providing property, casualty and life reinsurance to domestic and international insurers.
Earns premiums from insurers that hand it part of their risks, and invests that money until claims are paid, so underwriting results and investment returns both count. The Chinese state, through the Ministry of Finance and Central Huijin, its sovereign investment arm, controls it.
In one line: China's state-owned reinsurer, akin to a domestic Swiss Re/Munich Re.
Moat: narrow (scale, regulatory licence, brand). Dominant domestic reinsurance market share as the sole major state-backed reinsurer.
Headquarters: Beijing, China · Founded: 1949 · Employees: 47,912
Size China Reinsurance (Group) (1508.HK) is a Hong Kong Financials company (Multi-Line Insurance) with a market value of $6.64B, the 222nd largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$1.23 on 6 Nov 2026.
Performance Over six months the shares fell 5.0%, against +6.9% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 3rd lowest of 21 in its peer set.
Growth Revenue grew 10.9% over the last twelve months (peer median +7.9%); the operating margin is 16.2% (peer median 15.0%).
Valuation It trades at 0.40× book value against a peer median of 1.29× (cheapest of 21).
Price implies The share price implies a return on equity of about 5.5%; China Reinsurance (Group) delivers 9.7%, so the price asks less than the business earns today.
Next results Next results expected around 29 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$140B | HK$134B | HK$123B | HK$122B | HK$117B |
| Revenue growth | — | +9% | +1% | +4% | — |
| Net income | HK$12.1B | HK$10.6B | HK$11.4B | HK$6.25B | -HK$378M |
| Free cash flow | HK$26.0B | HK$31.3B | HK$21.2B | HK$29.1B | HK$25.5B |
| Capital expenditure | HK$474M | HK$450M | HK$470M | HK$476M | HK$462M |
| Total debt | n/a | HK$75.5B | HK$88.9B | HK$83.4B | HK$77.4B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| China Reinsurance (Group) 1508.HK | $6.64B | -5% | +11% | 10% | 0.40× | 5.5% |
| Swiss Re SREN.SW | $50.6B | +27% | -12% | 20% | 2.27× | 6.1% |
| Munchener Ruckversicherungs-Gesellschaft MUV2.DE | $80.3B | +22% | 0% | 21% | 2.13× | 9.0% |
| Korean Reinsurance 003690.KS | $1.74B | +8% | -2% | 14% | 0.73× | 4.8% |
| Hannover Rueck HNR1.DE | $39.6B | +24% | -2% | 22% | 2.66× | 8.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 1508.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.1% | +2.8% | 11th highest of 21 |
| 6-month return | -5.0% | +6.9% | 3rd lowest of 21 |
| Return on equity | 9.7% | 16.3% | 4th lowest of 21 |
| Price / book | 0.40× | 1.29× | cheapest of 21 |
| Trailing P/E | 4.3× | 10.1× | 3rd cheapest of 21 |
| ROE the price implies | 5.5% | 8.1% | 4th least demanding of 21 |
| ROE delivered | 9.7% | 16.0% | 4th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| China Reinsurance (Group) 1508.HK | Hong Kong | $6.64B | -5% | +11% | 10% | 0.40× | 5.5% | 9.7% |
| Db Insurance 005830.KS | South Korea | $6.90B | +2% | -14% | 17% | 0.85× | 5.1% | 17.0% |
| Enact ACT | United States | $6.38B | +5% | +2% | 13% | 1.19× | 7.9% | 12.9% |
| RLI RLI | United States | $6.27B | +39% | +6% | 22% | 3.70× | 15.4% | 22.1% |
| Sony Financial 8729.T | Japan | $6.06B | +1% | -10% | 14% | 1.08× | 5.1% | 14.4% |
| Great Eastern G07.SI | Singapore | $7.47B | +21% | +27% | 15% | 1.73× | 11.4% | 14.8% |
| Axis Capital AXS | United States | $7.60B | +7% | +10% | 16% | 1.33× | 8.1% | 16.0% |
| Lincoln National LNC | United States | $7.67B | +12% | +12% | 23% | 0.74× | 8.6% | 22.6% |
| FWD 1828.HK | Hong Kong | $5.54B | +7% | +24% | 4% | 0.92× | 7.3% | 4.1% |
| Hiscox HSX.L | United Kingdom | $8.08B | +18% | +4% | 17% | 2.06× | 15.1% | 16.6% |
| Sunshine Insurance 6963.HK | Hong Kong | $5.35B | 0% | +8% | 14% | 0.66× | 5.4% | 13.7% |
| White Mountains Insurance WTM | United States | $5.35B | +5% | +21% | 22% | 0.99× | 6.3% | 21.9% |
| China Taiping Insurance 0966.HK | Hong Kong | $8.28B | -24% | +19% | 36% | 0.63× | 8.1% | 36.2% |
| Kinsale Capital KNSL | United States | $8.64B | +26% | +8% | 28% | 4.70× | 30.6% | 27.8% |
| CNO Financial CNO | United States | $5.09B | +20% | +2% | 17% | 2.19× | 16.0% | 16.9% |
| Aditya Birla Capital ABCAPITAL.NS | India | $11.5B | +8% | +24% | 12% | 2.56× | 41.9% | 12.1% |
| Alm. Brand A/S ALMB.CO | Denmark | $3.70B | +16% | +3% | 9% | 2.19× | 7.3% | 8.8% |
| Globe Life GL | United States | $12.1B | +4% | +6% | 21% | 2.08× | 11.7% | n/a |
| Hamilton Insurance HG | United States | $3.64B | +20% | +20% | 19% | 1.24× | 8.0% | 19.0% |
| Unum UNM | United States | $12.2B | -5% | -5% | 3% | 1.52× | 8.1% | 2.6% |
| Aegon AGN.AS | Netherlands | $12.7B | +4% | +16% | 10% | 1.25× | 8.2% | 10.5% |