HONG KONG, April 30, 2026 – Peak Reinsurance Company Limited (“Peak Re” or the “Company”), a global reinsurer specialising in emerging markets, today announced its financial results for the year ended December 31, 2025. The Company delivered its third consecutive year of robust growth and sustained profitability, reporting a net profit after tax of USD 189.5 million and a 25% year-on-year increase in Gross Written Premiums (GWP) to USD 2.20 billion.

The 2025 results underscore Peak Re’s disciplined underwriting approach, prudent capital management, and the successful execution of its global diversification strategy amid a complex macroeconomic and volatile natural catastrophe environment.

2025 Financial Highlights^[1]:

• Net Profit After Tax: USD 189.5 million (2024: USD 187.0 million)
• Gross Written Premiums: USD 2.20 billion, +25% (2024: USD 1.76 billion)
• Reinsurance Revenue: USD 1.54 billion, +32.8% (2024: USD 1.16 billion)
• Reinsurance Service Result: Improved to USD 162.9 million (2024: USD 144.5 million), reflecting strong technical performance and underwriting profitability
•  Investment Performance: Record investment return of USD 201.3 million with a strong yield of 5.6%, driving Assets Under Management (AUM) to USD 3.88 billion
• Robust Capital Position: Net Asset Value (NAV)^[2] increased 17.1% to USD 1.68 billion (2024: USD1.43 billion); solvency ratio^[3] strengthened to 190%
• First Dividend: Reflecting the Company’s maturity and capital strength, Peak Re declared its first dividend distribution of USD 30 million to shareholders

Financial Strength and Shareholder Diversification

Rating agencies have recognised Peak Re’s continued progress. In April 2026, Moody’s upgraded Peak Re's Insurance Financial Strength Rating (“IFSR”) to A3 from Baa1, with a stable outlook. In September 2025, A.M. Best reaffirmed Financial Strength Rating of A- (Excellent) with a stable outlook.

The Company's maturity was also acknowledged by investors. In January 2026, Peak Re successfully completed the investments by funds managed by KKR and Quadrantis Capital into Peak Re via Peak Reinsurance Holdings Limited as minority shareholders, further broadening its shareholder base and enhancing governance diversity.

Strategic Global Expansion and Capital Innovation

2025 marked a milestone year for Peak Re’s global footprint. Building on its solid Asian and European foundation, the Company successfully established Peak Reinsurance North America Ltd. in Bermuda (licensed as a Class 3B insurer) and a branch in GIFT City^[4], India. These strategic moves enhance proximity to clients and support further diversification and growth.

Peak Re also continued to advance its capital markets strategy. The Company completed the issuance of Black Kite Re 2025-1, a USD 50 million catastrophe bond via Black Kite Re Limited that, for the first time, securitised Indian earthquake risk alongside Japanese earthquake and typhoon risks and Chinese earthquake perils. In addition, Peak Re successfully issued USD 350 million in perpetual subordinated guaranteed capital securities via Peak Re (BVI) Holding Limited, which were oversubscribed.

Leadership Transition

Coinciding with the announcement of its annual results, Peak Re has successfully completed its leadership transition. Mr. Victor Kuk, a seasoned insurance executive with over two decades of leadership experience across Asia, assumed the role of Chief Executive Officer of Peak Re on April 20, 2026. After more than a decade of visionary leadership, Mr. Franz-Josef Hahn, Co-Founder and former Chief Executive Officer of Peak Re, transitioned to Special Advisor on 17 April 2026 and continues to provide strategic oversight until October 2026.

Franz-Josef Hahn, Special Advisor and former CEO of Peak Re, said: “In 2025, Peak Re accomplished an outstanding business year—it is our third consecutive year of outperforming our financial targets. These results reflect a disciplined underwriting approach and the growing depth of our client partnerships across regions and business lines. Building Peak Re has been the most exciting and rewarding chapter of my career, and I am incredibly proud of the resilient platform we have created.”

Victor Kuk, CEO of Peak Re, said: "It is a privilege to take the helm at such a pivotal moment in Peak Re’s trajectory. Our record 2025 results provide a strong foundation, but our ambitions reach much further. As we look to the future, our strategy is to elevate Peak Re into a truly global reinsurance leader. We will achieve this by accelerating our international diversification, pioneering innovative capital solutions, and deepening our strategic partnerships worldwide. We are positioned to navigate an increasingly complex risk landscape and actively shape the future of our industry alongside our clients."

To view the full Peak Re Annual Report 2025, please visit: peak-re-annual-report-2025-en.pdf

Media Contacts:

Peak Re

[email protected]

About Peak Re

Peak Reinsurance Company Limited (“Peak Re”), a global reinsurer specialising in emerging markets, is established to support the growth and stability of societies and communities in Asia and beyond. Since commencing operations in 2012, Peak Re has grown rapidly to rank 28th among global reinsurance groups in terms of net reinsurance premiums written[5], with a strong commitment to innovation and delivering value to our partners. With a financial strength rating of A- (Excellent) by A.M. Best and A3 by Moody's, and a strong capital base, Peak Re is a trusted partner for clients across Asia Pacific, Europe, the Middle East and the Americas.