Market yield movements drove the reinsurer's earnings higher, though the agency warned that interest rate exposure has made operating results markedly more volatile.
The reinsurer also reported US$89.7m in net profit after tax, according to parent Fosun International's unaudited half-year results, as it continued expanding its footprint across India, Europe and North...
Higher investment income and robust life insurance results propelled shareholder profit despite mixed performance across the group's non-life businesses.
The transaction, announced on 31 July, remained subject to closing conditions and regulatory and exchange approvals, with completion expected during August.
