China Re ranked among the world’s Fortune 500 for the first time on Aug 2, coming in at number 497 with an operating income of $24.37 billion, ranking fourth among global reinsurance companies.
As a major representative of China's reinsurance industry, China Re has put its reinsurance business at its core to actively serve national strategies and continue to focus on high-quality development. For 2020, China Re’s total premium income was 161.57 billion yuan ($24.99 billion), its net profit attributable to the parent company was 5.71 billion yuan, and it had total assets of 453.57 billion yuan.
The Fortune 500 list, which is based on annual revenues and profits, is the authoritative list for measuring the comprehensive strength and international competitiveness of large listed companies worldwide.
In this year's list, mainland China (including Hong Kong) topped the list for the second consecutive year, with 135 companies, 11 more than the previous year. Together with Taiwan companies, China has 143 companies on the list.