Fosun International Limited has released the unaudited first half of 2026 results for Hong Kong-based global reinsurer Peak Re, reporting a 25.0% year on year increase in reinsurance revenue to USD825.7 million, and an 11.8% rise in gross written premiums to USD1,186.0 million.
Net profit after tax reached USD89.7 million, reflecting solid profitability, with the reinsurance service result remaining stable at USD70.4 million.
Net assets increased to USD1.76 billion, and the solvency ratio was maintained at a healthy level. Strong retained earnings further strengthened Peak Re’s robust capital position and financial flexibility, driving its long-term growth ambitions.
Peak Re’s financial momentum and strengthening market footprint were further validated earlier in the year when Moody’s upgraded the reinsurer’s Insurance Financial Strength Rating (IFSR) to A3 from Baa1 in April 2026, signing a stable outlook.
During this reporting period, the reinsurer expanded its footprint across mature European and North American markets while simultaneously reinforcing its presence in key emerging markets like India, furthering its strategic commitment to global diversification across geographies and lines of business..
“Driven by continuous product innovation and a diversified business portfolio, Peak Reinsurance delivered solid premium growth alongside healthy profitability. These results were underpinned by strict underwriting discipline, consistent operational efficiency and prudent risk management,” Fosun stated.
Adding: “Looking ahead, Peak Reinsurance will continue to maintain prudent underwriting discipline, sound capital management and a diversified portfolio to navigate evolving market conditions. Supported by its strong capital base and a diversified global platform, Peak Reinsurance remains well positioned to pursue sustainable and profitable growth.”
Looking at Fosun’s financial results for H1 2026, company wide, the firm reported RMB86.96 billion in total revenues, remaining broadly stable despite the continued divestment of non-strategic and non-core assets.
Profit attributable to owners of the parent reaching RMB1.72 billion, representing a year-on-year increase of 160.3%.
Guo Guangchang, Chairman of Fosun International, said: “Over the past few years, Fosun has steadfastly advanced its business streamlining and core business-focused strategy, and completed a systematic realignment of ‘repairing the roof on a sunny day’.
“The strong earnings recovery we delivered in the first half of this year validates our strategic direction and sustained focus. Fosun has now returned to a growth trajectory and is well-positioned to accelerate its growth going forward.”
