China Reinsurance (Group) Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Premiums & Annuity Revenue	93,649	92,393	91,399	81,535	144,040
Total Interest & Dividend Income	8,785	8,743	8,251	7,264	12,150
Gain (Loss) on Sale of Investments	4,307	1,480	-5,809	-9,588	2,614
Other Revenue	1,179	1,045	1,117	843.92	5,146
Total Revenue	107,920	103,661	94,958	80,055	163,950
Revenue Growth (YoY)	4.11%	9.16%	18.62%	-51.17%	-2.47%
Policy Benefits	90,312	85,806	85,224	76,658	117,504
Policy Acquisition & Underwriting Costs	-	-	-	-	22,121
Selling, General & Administrative	4,315	3,685	3,717	3,574	14,986
Other Operating Expenses	-	-	-	-	520.05
Total Operating Expenses	94,627	89,491	88,941	80,233	155,131
Operating Income	13,292	14,170	6,017	-177.37	8,819
Interest Expense	-1,663	-2,008	-2,324	-1,934	-3,130
Earnings From Equity Investments	1,718	1,978	1,960	-589.65	1,686
Currency Exchange Gain (Loss)	-714.93	-341.76	673.59	1,343	23.28
EBT Excluding Unusual Items	12,632	13,798	6,327	-1,358	7,399
Asset Writedown	-	-0.07	-1.44	-10.37	-290.73
Pretax Income	12,632	13,798	6,325	-1,368	7,108
Income Tax Expense	2,415	2,718	534.69	-493.05	1,213
Earnings From Continuing Ops.	10,217	11,080	5,791	-875.35	5,895
Minority Interest in Earnings	-446.13	-523.45	-138.15	550.7	59.29
Net Income	9,771	10,557	5,652	-324.65	5,954
Net Income to Common	9,771	10,557	5,652	-324.65	5,954
Net Income Growth	-7.44%	86.77%	-	-	4.26%
Shares Outstanding (Basic)	42,480	42,480	42,480	42,480	42,480
Shares Outstanding (Diluted)	42,480	42,480	42,480	42,480	42,480
EPS (Basic)	0.23	0.25	0.13	-0.01	0.14
EPS (Diluted)	0.23	0.25	0.13	-0.02	0.13
EPS Growth	-7.45%	91.17%	-	-	-1.29%
Free Cash Flow	18,159	9,914	15,862	11,312	9,119
Free Cash Flow Per Share	0.43	0.23	0.37	0.27	0.21
Dividend Per Share	0.069	0.050	0.042	0.014	0.045
Dividend Growth	38.20%	19.05%	200.00%	-68.89%	9.76%
Operating Margin	12.32%	13.67%	6.34%	-0.22%	5.38%
Profit Margin	9.05%	10.18%	5.95%	-0.41%	3.63%
Free Cash Flow Margin	16.83%	9.56%	16.71%	14.13%	5.56%
EBITDA	13,895	14,773	6,648	457.22	9,444
EBITDA Margin	12.88%	14.25%	7.00%	0.57%	5.76%
D&A For EBITDA	602.74	602.74	630.73	634.6	624.81
EBIT	13,292	14,170	6,017	-177.37	8,819
EBIT Margin	12.32%	13.67%	6.34%	-0.22%	5.38%
Effective Tax Rate	19.12%	19.70%	8.45%	-	17.07%
Revenue as Reported	-	-	-	96,425	163,974

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.