Fosun International Limited has released the unaudited results for Hong Kong-based global reinsurer, Peak Re, for the full year 2025 (FY’25), disclosing an increase in reinsurance revenue of 32.8% year-on-year to $1.54 billion.
At Peak Re, the FY’25 reinsurance service result also improved 12.7% year-on-year to $162.9 million, with strong growth of 25% in gross written premiums (GWP) to $2.2 billion.
Peak Re generated FY’25 net profit after tax of $189.5 million in 2025, while net assets increased to $1.68 billion, and the solvency coverage ratio was maintained at a healthy 190%.
Fosun explained that Peak Re’s growth was primarily driven by the continued deepening of its global diversification strategy. The growth in premiums and overall profit was also attributed to product innovation, enhanced business portfolio, and disciplined underwriting.
As of March 31st, 2026, the Fosun Group held an 86.71% equity interest in Peak Re.
Additionally, in FY’25, Peak Re, via its wholly-owned subsidiary, successfully issued $350 million of perpetual subordinated guaranteed capital securities.
“The issuance was significantly oversubscribed, underscoring international investor confidence in the reinsurer’s strategic positioning, risk management capabilities, and long-term prospects,” explained Fosun.
Fosun added, “During the reporting period, Peak Reinsurance delivered resilient performance amid a complex and volatile global reinsurance landscape.”
Peak Re strengthened its presence in high-growth emerging markets such as India, while further expanding its penetration in the mature markets of Europe and North America.
If readers recall, in February 2025, the reinsurer obtained approval from the India International Financial Services Centres Authority (IFSCA) to establish an IFSC Insurance Office (IIO) reinsurance branch and received the relevant license.
With the license, Peak Re will further expand its presence in the Indian market, seize growth opportunities, and directly support India’s rapidly growing re/insurance industries.
Last week, Peak Re appointed Victor Kuk from Swiss Re to serve as its new Chief Executive Officer (CEO), taking over from co-founder Franz-Josef Hahn, who transitions to Special Advisor after leading the firm for more than a decade.
Additionally, Moody’s affirmed Peak Re’s ‘Baa1’ Insurance Financial Strength Rating (IFSR) and upgraded the outlook to positive in April 2025, while AM Best affirmed the Financial Strength Rating of ‘A-’ (Excellent) and the long-term issuer credit rating of ‘a-’ (Excellent) with a stable outlook for the reinsurer and its subsidiaries in September 2025.
In 2026, Peak Re aims to maintain strict underwriting discipline and client-centric focused solutions. Backed by a global platform, strong capital base, and ongoing innovation capabilities, the reinsurer aims to deliver both sustainable and profitable growth of premium income and net profits.
