Fosun International Limited announced the unaudited results of Peak Re, a global reinsurance company headquartered in Hong Kong, for the full year 2025 (FY’25). Reinsurance revenue increased by 32.8% year-on-year to US$1.54 billion.
Peak Re’s FY25 reinsurance services performance also increased by 12.7% year-on-year to US$162.9 million, and gross written premiums (GWP) increased strongly by 25% to US$2.2 billion.
Peak Re will achieve a net profit after tax of US$189.5 million in FY25 in 2025, with net assets increasing to US$1.68 billion, and its solvency coverage ratio remaining at a healthy level of 190%.
Fosun said Peak Re’s growth was mainly due to the continued deepening of its global diversification strategy. Growth in premiums and overall profits was also attributed to product innovation, portfolio enhancement and disciplined underwriting.
As of March 31, 2026, Fosun Group held 86.71% of Peak Re’s equity.
In addition, in FY25, Peak Re successfully issued US$350 million of perpetual subordinated guaranteed capital securities through its wholly-owned subsidiary.
Fosun said: “The issuance was significantly oversubscribed, highlighting the confidence of international investors in the reinsurance company’s strategic positioning, risk management capabilities and long-term prospects.”
Fosun added: “During the reporting period, Peak Re still demonstrated resilient performance despite the complex and ever-changing global reinsurance landscape.”
Peak Re has strengthened its presence in high-growth emerging markets such as India, while further expanding penetration in mature markets in Europe and North America.
If readers still remember, in February 2025, the reinsurance company received approval from the Indian International Financial Services Center Authority (IFSCA) to establish an IFSC Insurance Office (IIO) reinsurance branch and obtained relevant licenses.
With this license, Peak Re will further expand its influence in the Indian market, seize growth opportunities and directly support India’s rapidly growing reinsurance industry.
Last week, Peak Re appointed Victor Kuk from Swiss Re as its new chief executive officer (CEO), replacing co-founder Franz-Josef Hahn, who moved to the role of special advisor after leading the company for more than a decade.
Additionally, Moody’s affirmed Peak Re’s ‘Baa1′ Insurance Financial Strength Rating (IFSR) in April 2025 and raised the outlook to positive, while AM Best in September 2025 affirmed the reinsurer and its subsidiaries’ financial strength rating of ‘A-‘ (Excellent) and long-term issuer credit rating of ‘a-‘ (Excellent) with a stable outlook.
By 2026, Peak Re aims to maintain strict underwriting discipline and customer-centric solutions. Leveraging its global platform, strong capital base and continued innovation capabilities, the reinsurer aims to achieve sustainable and profitable growth in premium income and net profit.