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International

China Re's net profit estimated to rise by 35%-45%

August 05, 2019 Reprints

According to preliminary estimates, China Reinsurance (Group) Corp.'s net profit attributable to the equity shareholders of the parent company increased by 35%-45% year-over-year in the first half, Asia Insurance Review reported. The figure stood at $336 million in the first half of 2018. The rise is primarily driven by an increase in investment income and underwriting profits.

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China Re's net profit estimated to rise by 35%-45%

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