Peak Re GWP rises 11.8% to $1.19bn in H1 2026

Peak Reinsurance has increased gross written premiums by 11.8% year-on-year to $1.19 billion in the first half of 2026, while reinsurance revenue rose 25% to $825.7 million as the reinsurer continued to expand its global footprint.

The reinsurance service result remained stable at $70.4 million, with Peak Re attributing the performance to its diversified global business portfolio, disciplined underwriting and operational efficiency.

Peak Re recorded net profit after tax of $89.7 million during the reporting period. Net assets increased to $1.76 billion, while its solvency ratio remained at a healthy level.

The reinsurer continued to deepen its global diversification strategy across geographies and lines of business, strengthening its presence in emerging markets including India while broadening its reach across mature markets in Europe and North America.

Peak Re said continued product innovation and its diversified business portfolio supported premium growth alongside profitability, underpinned by disciplined underwriting and prudent risk management.

In April 2026, Moody’s upgraded Peak Reinsurance’s Insurance Financial Strength Rating (IFSR) to A3 from Baa1, with a stable outlook.

Peak Re said its strong retained earnings had further strengthened its capital position and financial flexibility. It intends to maintain prudent underwriting and capital management while continuing to pursue sustainable and profitable growth across its diversified global platform.

Parent company Fosun International, which also owns Forsun Insurance Portugal, saw overall insurance revenue increase by 9.2% to RMB22.8 billion ($3.4 billion), while profit increased by 2.2% to RMB1.3 billion ($190 million).

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