China Taiping Insurance Singapore sustains steady growth outlook

Its 2024 results are driven by insurance service outcomes and investment income. 

China Taiping Insurance (Singapore) (CTPIS) is expected to sustain stable growth and profitability, supported by strong capital, solid non-life performance, and continued expansion in life insurance, according to AM Best.

The Singapore-based insurer posted improved results in 2024, driven by stronger insurance service outcomes and robust investment income. 

As of June 2025, it recorded an operating profit from both investment gains and underwriting strength. 

AM Best expects performance to remain steady, supported by a more sustainable life business and solid non-life results, though investment returns may face market pressures.

CTPIS’s capital remains strong, backed by support from its parent, China Taiping Insurance Group, and a conservative investment portfolio. 

The company continues to grow its life segment, which accounted for about half of premiums in 2024, whilst maintaining a firm position in Singapore’s non-life market.

AM Best maintained a stable outlook, reflecting expectations of continued financial strength and balanced growth.