China Re H1 profits grow 13 percent

Profit before tax at state-owned carrier China Re grew 12.7
percent to RMB3.89bn ($589mn) in the first half as investment
returns improved.
Gross written premiums at the Chinese reinsurer increased by
34.7 percent to RMB67.83bn, according to the first half results
published on Monday.
China Re made investment income of RMB5bn, representing an
annualised investment yield of 5.7 percent, up from 4.75 percent in
the same period last year.
The combined ratio for the carrier's primary property and
ca