- Business
- China Taiping Insurance Holdings Company Limited China Taiping Insurance Holdings Company Limited (CTIHY ) is a Hong Kong-incorporated investment holding company primarily engaged in underwriting life insurance, property and casualty insurance, and reinsurance products across the People's Republic of China (PRC), Hong Kong, Macau, Singapore, the United Kingdom, Indonesia, Luxembourg, and other international markets. The company operates through six main segments, offering participating insurance, annuities, health insurance, and accident insurance in its Life Insurance segment; motor, marine, non-marine, liability, credit, guarantee, and short-term accident and health insurance in its PRC Domestic Property and Casualty Insurance segment; property and casualty coverage in its Overseas Property and Casualty Insurance segment; property damage, life, marine cargo and hull, and miscellaneous non-marine reinsurance in its Reinsurance segment; corporate and personal retirement insurance alongside group life insurance in its Pension and Group Life Insurance segment; and asset management, insurance brokerage, financial leasing, property investment, securities trading, and elderly care services in its Other Businesses segment. Founded in 2000 and headquartered in North Point, Hong Kong, it traces its origins to the Taiping Insurance Company established in 1929 in Shanghai and serves as a subsidiary of China Taiping Insurance Group Limited, with primary revenue derived from mainland China. In recent developments, the company opened TP Luxembourg and a Dubai Representative Office to expand its global network and support Belt and Road initiatives; received strategic investment from Ageas in its subsidiary Taiping Pension, with Ageas acquiring a 10% stake for approximately 137 million euros in a transaction completed in early 2025; launched cross-border products like Infinite Legacy across mainland China, Hong Kong, and Singapore, alongside elder care communities such as China Taiping Furong Home in Chengdu and Yulan Home in Beijing; issued Asia's first dual-risk, dual-trigger catastrophe bond in Hong Kong; and reported record profit attributable to shareholders of HK$8.432 billion for 2024, up 36.2% year-over-year, with total assets exceeding HK$1.7 trillion amid strengthened focus on technology, green, inclusive, ageing, and digital finance.