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International

China Re's net profit may fall up to 70%

February 13, 2023 Reprints

State-controlled China Reinsurance (Group) Corp.'s net profit may decline by 60% to 70% year-over-year to 5.95 billion Chinese yuan ($874.4 million) in 2022, Asia Insurance Review reported. The decline is mainly due to the decrease in investment income and a larger loss in the investments of certain non-holding enterprises.

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China Re's net profit may fall up to 70%

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