China Life, PICC, China Taiping, Sinosure, and China Re will take up to CNY70bn (US$10.4bn) of a CNY360bn recapitalisation that also covers three state banks.
The Hong Kong reinsurer paid its first dividend in 2025 and returned 12.3% on capital and surplus, though its non-life combined ratio rose on fluctuations in short-term health loss experience.