1、2021 Annual Report專 業 讓 保 險 更 保 險EMPOWER YOUR INSURANCE BY EXPERTISEMISSION Diversifying economic risks to ensure a better life for allCORPORATE CULTURE OF CHINA RE GROUPCORE VALUES Integrity Expertise Cooperation AspirationVISION Developing a world-class comprehensive reinsurance group with sustain

2、able development capabilities and core competitivenessBUSINESS PHILOSOPHY Prudence and innovation for sound and prosperous growth2China Reinsurance (Group) Corporation2021 Annual ReportFinancial Highlights6Honours and Awards8Statement from the Chairman10Management Discussion and Analysis16Directors,

3、 Supervisors, Senior Management and Employees64Corporate Governance Report75Report of the Board of Directors103Report of the Board of Supervisors119Contents3China Reinsurance (Group) Corporation2021 Annual ReportEmbedded Value124Independent Auditors Report134Financial Statements and Notes142Definiti

4、ons288Corporate Information292Financial HighlightsHonours and AwardsStatement from the Chairman6China Reinsurance (Group) Corporation2021 Annual ReportFINANCIAL HIGHLIGHTSTotal liabilitiesRMB 397,852 millionYear-on-year increase of 13.5%Total equityRMB 102,587 millionYear-on-year decrease of 0.3%Gro

5、ss written premiumsRMB 162,732 millionYear-on-year increase of 0.7%Net profitRMB 6,390 millionYear-on-year increase of 7.9%Net profit attributable to equity shareholders of the parent companyRMB 6,363 millionYear-on-year increase of 11.4%Net assets per share attributable to equity shareholders of th

6、e parent companyRMB 2.19Year-on-year increase of 0.1%Earnings per shareRMB 0.15Year-on-year increase of 11.4%Weighted average return on equity6.84%Increase by 0.50 percentage pointsTotal assetsRMB 500,439 millionYear-on-year increase of 10.3%Unit: RMB7China Reinsurance (Group) Corporation2021 Annual