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China Taiping Insurance Company profile

About China Taiping Insurance Hldgs Co Ltd

China Taiping Insurance Holdings Company Limited is a Hong Kong-based investment holding company principally engaged in insurance businesses. The Company operates through six segments. Life Insurance segment provides participating insurance, annuity insurance and health insurance, among others. The People’s Republic of China (PRC) Property and Casualty Insurance segment provides motor insurance, marine insurance and non-marine insurance in the PRC. Overseas Property and Casualty Insurance segment provides property and casualty insurance in Hong Kong, Macau, Singapore, the United Kingdom and Indonesia. Reinsurance segment provides reinsurance services. Pension and Group Life Insurance segment provides corporate and personal retirement insurance and group life insurance. Other Businesses segment includes asset management, insurance intermediary businesses, e-commerce businesses for insurance, financial leasing, property investment and the dealing and broking of securities.

Financial summary

BRIEF: For the six months ended 30 June 2021, China Taiping Insurance Hldgs Co Ltd revenues increased 19% to HK$181.41B. Net income increased 78% to HK$5.11B. Revenues reflect Life Insurance segment increase of 19% to HK$148.48B. Net income benefited from GAAP Expense Ratio - % - P & C- PRC decrease of 17% to 37.3%, GAAP Loss Ratio - % - P & C PRC - TPI increase of 22% to 66.8%.

Equity composition

08/2009, Company name changed from China Insurance International Holdings Co Ltd 10/2014, Rights Issue, 21 new share for every 100 share held @ 11.89 HKD (Factor 1.05278).