Financial Information

2024 Financial Highlights

In 2024, the Company reported a second high net profit. From this strong financial fundamental and with a clear strategic outlook centred on sustainability and an agile, client-centric approach, we are firmly positioned and excited to step up to the challenges of the next decade.

All financial figures in this section are based on IFRS 9 and IFRS 17, unless otherwise stated.
Comparative figures for the year ended 31 December 2022 and all prior years are based on accounting standards IFRS 4 and IAS 39.

Gross Written Premium

USD1.76 B

We further diversified our reinsurance portfolio both geographically and across different lines of business in line with our risk appetite and dynamic environment in which we operate.

Gross written premiums are based on the accounting standard IFRS 4 and are provided as a reference

Net Profit After Tax

USD187 M

A record second high net profit for Peak Re, driven by disciplined underwriting, healthy investment returns and strict expense management.

Investment Yield

3.6%

The investment strategy remained focused on high-quality fixed-income assets with short duration and strong liquidity.

Net Asset Value

USD1.43 B

Asset Under Management

USD3.33 B

Assets under management reached USD3.33 billion by end of 2024, up from USD3.12 billion in 2023.

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Annual Reports

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Annual Report 2024

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Annual Report 2023

Investor Related Notice

U.S.$250,000,000 Perpetual Subordinated Guaranteed Capital Securities by Peak Re (BVI) Holding Limited, which is unconditionally and irrevocably guaranteed by
Peak Reinsurance Company Limited

[Formal Notice – Debt Securities] Notice of Listing on The Stock Exchange of Hong Kong Limited

28 October 2020

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Press

Wed, 28 May 2025

Peak Re Establishes North American Entity to Strengthen Global Presence

Tue, 6 May 2025

Capital Challenges And Strategic Responses: Navigating Indonesia’s Rising Minimum Capital Requirements

Wed, 30 Apr 2025

Peak Re Posts Strong Results in 2024 and Is Well-Positioned to Capture Future Growth

Tue, 29 Apr 2025

Peak Re Expands Catastrophe Bond Innovation in Asia with Black Kite Re 2025-1

Thu, 24 Apr 2025

Moody’s Affirms Peak Re’s Baa1 IFSR and Upgrades Outlook to Positive

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Peak Re Expertise

Our underwriting processes, insights and efficient business model serve to attract high-quality clients and partners.

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Property & Casualty

Our Property & Casualty team is experienced and skilled in using a unique integrated risk selection process. The team adopts an advanced approach powered by leading market research, expert product underwriting, and robust analytics.

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Life & Health

Our innovative approach to Life & Health business model is grounded in market insights, sound actuarial and underwriting principles, and a commitment to positively impact our clients’ businesses. We provide dedicated ongoing support for new product development, risk management, and capital optimization.

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Structured Solutions

Our Structured Solutions team provide carefully tailored structured solutions designed to drive efficient capital and risk protection, helping our clients meet strategic objectives on capital and risk management, financial management and liquidity management in efficient ways.

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