China Re P&C profits slump in 2016

P&C reinsurance pre-tax profits at China Re almost halved in
2016 to 2.07bn yuan ($300mn) amid troubles in its domestic business
and a drop in investment income year-on-year.
The 2016 P&C reinsurance pre-tax figure fell 47 percent over
the period as its domestic P&C reinsurance business reported an
underwriting loss for 2016.
The domestic P&C combined ratio was 100.6 percent, of which
the expense ratio was 38.2 percent and loss ratio was 62.4 percent.
China Re did not give a...