China Reinsurance (group) Corp. Class H · HKEX:1508
China Reinsurance (group) Corp. Class H — FY2025 Earnings Presentation
27 slides from China Reinsurance (group) Corp. Class H's earnings presentation, 2026
Slide 1: China Reinsurance (Group) Corporation 2025 Annual Results
CP Bl FS oe (Se A) BR a PR] CHINA REINSURANCE (GROUP) CORPORATION com, 202546 Lath 202646331 PRAHE @ Bl [et eS a A 0 A A YT i
Slide 2: Disclaimer
HA 2S HY AY PEER &Y CHINARE WUAMASAREORNA TH, SOLO PRL, Fal Mase U POE I A: + ARBRE RIA PER CRED) GYA RRA] C “SR” ) ft. FEAL AIA AR Si BEE AA fs MEZA TE PE, TERE, CREME STE WARE (EHH EAA ERR MERRIE, FEAL RA RT LSE. AFCA AR TAR BLA BRS ARBRE AAAS 5 [RB EAA RUE ICE T RRR AREA) 0 ABR ATS (ARH, Tee (BU
Slide 3: Company overview
2023 1 1 17 —— 9 —— 25 2006 3 26 2006 3 2009 15 22 23 24 2006 3 37 2014 23 3
Slide 4: ——— Mbt ————
nA ——— Mbt ————
Slide 5: Market and industry data
178,483 180,368 176,849 9,722 169,765 7,023 5,954 5,880 162,732 1,871 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 1. 2. 5
Slide 6: Key results highlights
WH 2SUIBEIRE ~ 24 Mb SS ASIA HE IRIE BUSI SL EE & 22H8 <« Wp» < =p << Wp SOR Balk 35 AAT SRLS A WO Bar PRL 5 eT 51.142 38.96: 12.58 2% Hikk: 43.4% lk: 33.1% Walk: 10.7% <e =p ee TD <« WD Evo’ Bint BAP EL. 5277.63 1193.15 0.06915 +3.8% +5.9% +38.2% 1 SWSROP AN SH DAES DAT,
Slide 7: • • • • • 2500 • • • •
• • 22 11 24 • 230 • • 43 2500 30 • • • 3 • 7
Slide 8: Industry environment and development
We 25 SE - Bp OZER BE DET AN TER w CHINA RE Fe FE RB TT ae BR Og SBP ET AR ee PS BJ ak BATTS “TD ER RBS SEAT” BLAS Dis aL OME SRLS WA 55 YH itt 200% Fal 2 / EDX « = FER GVEKPE mbit 100038 ES) wusrursscetemassseenuer SRDS 55 LR SEB SUPERS 5 AR RAL (ARH) 329176 RT HL 2015 2025 2015 2025 PB ~=1 8.2% 20
Slide 9: AI and technology strategy
IDI DeepSeek 60 AI AI+ 24 AI AI 50% 5G 82% 145 93% 9
Slide 10: Solvency ratios
320% 320% 279% 250% 229% 200% A 150% 149% A 10
Slide 11: —— Mb ar it ———
nN —— Mb ar it ———
Slide 12: Premium income
• 38,750 40,106 2024 2025 • 1. = - - 12
Slide 13: Underwriting results
4,598 11.5% 3,137 8.1% 2024 2025 2024 2025 13
Slide 14: Property and casualty reinsurance
84.71% 28,545 25,731 81.19% 26,560 23,358 2024 2025 2024 2025 2024 2025 1. = - - 14
Slide 15: Property and casualty primary insurance
83.89% 22,298 78.52% 20,027 2024 2025 2024 2025 1. = - - 2. = 15
Slide 16: Life and health reinsurance
• • 64,267 10,088 61,903 9,846 • • • 2024 2025 2024 2025 1. 16
Slide 17: Segment business review
SPERMS - QUE SELPRRPENL 5 SEBL BUT AR RRS & 22H8 ES) paneer 2s seme ein PARMA A, Hit 95.2% 95.45 we SAGER FW ET + PIO TIN MR, WSS TCE RT TL + SBRPR+ TIER” BUG TESCEISSER, YASH L UR + AUPE RERUR ASAT OR RVEE A, BITRE 7G ES) seme acer an ange oes HE “IR? GRE KSEE, AIRES S300 MR RIL, ARGS 3Z.31ZAK, REB
Slide 18: Segment results
52,801 99.17% 50,774 97.67% 2024 2025 2024 2025 1. = - - 18
Slide 19: Investment performance
WA" Bar LPR SS - CE ee PR NES ei OIE — ES) sexcpenemessuc a stitt ES) seenccrancome ssc a itt 0 54 e 3 Yo AEE BML 5 EE BN PR BSNS Be AN, ee ] Pat IE TERRE RAPES 78.0025 41.2825 69.3% 70.9% O 145% © 16.2% +0.9ppts +0.8ppts AN AR BH E RIVA RRB 20.7815 14.62% 65.4% 4+2.7% 02.7% © 0.4% 2024 2025 4 4 19
Slide 20: Investment portfolio allocation
ES) avive OAR 7I70) 20244F121310 20254F12/431 4 ES) vernicrtsats PLE SAUL IOLA PUREE MLD 3.6% 5.0% \ 1.4% ne WLI BEBE 2025481241314 15.6% een teare 74.4% | {FF HG bE | Wea EE | FVOCI@ni¥i* Walk AY PEBR QY CHINARE +1.3ppts | MAAR -2.5ppts +1.4ppts +5.9ppts 1, SRE Th TPA 2. FDS FOOMELH Bt SOREN Ht Se
Slide 21: Investment income
18,249 14,246 14,452 17,389 2024 2025 2024 2025 21
Slide 22: ——— FOR ———
nN? ——— FOR ———
Slide 23: Outlook and priorities
WIAs Se EE a Boe FER Boe MY Seb TR PERE AT MES A £4 Ba DAL Bos 35 8 Pals Fae i ase Fee a) ALAA BG Pa Bit PH E R eha) teen Stn ine SM B70 Pa ML 55 BAAS BEIESIIG 2 e 23
Slide 24: Development strategy
AY PHRR rr —,_ SP &Y CHINARE BW) “FARR, OR PROGR, BERORERABE” ZEEE? ITS “BAF? , He A” BREE a, TESS ETL ER aE Se NTH Me 55 ies Wa Et Fe ARTI 02 PRCT ABT Ol Bae eee KA WREAE BAD FRSC A ABS TPE maeeeieinee sD BUPREHIbIA RED 05 Beri yc i 03 FESR TE CATR i BET PRCA ED | SUES TES GB Eb Sct GERI iE AAD 24
Slide 25: China Reinsurance (Group) Corporation
@ Cp FS fe Ba ($8 Bl) BR 1 AER 2) CHINA REINSURANCE (GROUP) CORPORATION —— Fe) sik ——
Slide 26: Key financial data
2025 2024 103,087 101,363 1.7% 45,812 46,042 -0.5% 10,088 9,846 2.5% 48,869 46,914 4.2% 10,217 11,080 -7.8% 5,114 5,177 -1.2% 3,896 4,209 -7.4% 1,258 1,475 -14.7% 9,771 10,557 -7.4% 0.23 0.25 -7.4% ROE 9.18% 10.74% -1.56ppts 26
Slide 27: Assets and solvency data
2025 12 31 2024 12 31 527,763 508,347 3.8% 408,449 395,682 3.2% 119,315 112,665 5.9% 2.58 2.43 6.2% 1 155% 159% -4ppts 320% 328% -8ppts 150% 148% 2ppts 149% 154% -5ppts 250% 261% -11ppts 1 189% 194% -5ppts 320% 328% -8ppts 229% 223% 6ppts 200% 208% -8ppts 279% 285% -6ppts 27
China Reinsurance (Group) — FY2025 Earnings Presentation on 6ix