HKECIC posts $24.7m FY 2021 net profit

This was from a net loss of $13.5b (HK$104.6b) reported in FY 2020.

The Hong Kong Export Credit Insurance Corporation (HKECIC) has recorded a $27.4m (HK$212.63m) profit for fiscal year (FY) 2021, according to an announcement.

This was from a net loss of $13.5b (HK$104.6b) reported in FY 2020.

The HKECIC recorded an increase of $1.7m (HK$13.46m) or around 4.9% as compared to last year in revenue to $37.5m (HK$290.9m).

The profit increase is the combined result of an underwriting profit of $3.1m (HK$23.75m) and an investment income of $24.3m (HK$188.88m).

Mainland China continued to be the HKECIC’s largest insured market, it said, accounting for 43% of its total insured business, followed by the US and the UK.

Insured business of electronics, the product type accounting for the most insured business, registered a 24.4% jump. It was followed by textiles and clothing and electrical appliances, which rose by 21.5% and 34.0%, respectively.

Follow the link for more news on

Hong Kong Export Credit Insurance Corporation

Also Read

FWD Philippines targets gamer insurance gaps

Korean construction insurer maintains strong capital

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit