Our Financials

Delivering strong premium growth in the eighth consecutive year and consistent profit.

During the fiscal year 2020, we achieved gross premium income of US$1,966 million, with net profit of US$87.1 million. Peak Re’s capital position remains very strong, with a solvency ratio of 429%.

Note:
(1) The solvency ratio of Peak Reinsurance Company Limited on the Hong Kong Insurance Ordinance basis as of 31 December 2020

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2020 financial highlights

Gross written premiumsUS$1,966m
Total assetsUS$5,661m
Total equityUS$1,487m
Solvency ratio429%
Administrative expense ratio3.7%
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Five-year financial summary

US$m
1,500
1,200
900
600
300
0
841
2016
912
2017
966
2018
1,095
2019
1,487
2020
US$m
2,000
1,600
1,200
800
400
0
698
2016
1,098
2017
1,382
2018
1,665
2019
1,966
2020
US$m
6,000
4,800
3,600
2,400
1,200
0
1,949
2016
2,795
2017
3,751
2018
4,418
2019
5,661
2020
5
4
3
2
1
0
4.7%
2016
3.5%
2017
3.6%
2018
3.4%
2019
3.7%
2020