Huatai Insurance Group Acquisition, Valuation, Funding & Investors
Huatai Insurance Group was acquired by Chubb in November 2022.
About Huatai Insurance Group
Huatai Insurance Group is a Beijing-headquartered property and casualty insurer that underwrites coverage for property damage, liability, credit, health, accident, and life risks across China. The firm engages in reinsurance treaties with global carriers and operates branches in over 30 provinces. Huatai Insurance Group maintains a focus on corporate clients in manufacturing and logistics sectors.
Founded
1996
HQ
BeijingWebsite
Status
Acquired
Customer focus
B2B
Revenue model
Subscription
Valuation
$10B (Nov 2019)
Huatai Insurance Group Acquisition
Huatai Insurance Group was acquired by Chubb for an undisclosed price on 18 November 2022.
Before the acquisition Huatai Insurance Group had raised $1.5B across 1 funding round.
Huatai Insurance Group is the holding company for Huatai Property & Casualty Insurance, Huatai Life Insurance, and Huatai Asset Management, operating over 700 branches with 23,000 agents and 19 million customers in China. Huatai Asset Management manages over $100 billion in assets. On November 18, 2022, Chubb received regulatory approval from the China Banking and Insurance Regulatory Commission to increase its stake from 47.3% to 83.2%, marking the first time a foreign institution would majority-own a Chinese financial services holding company with separate P&C, life, asset management, and mutual fund subsidiaries. The transaction, culmination of a 20-year effort, was expected to close in early Q1 2023. Chubb invested $1.4 billion to increase its ownership in Huatai as noted in its 2022 annual report. As of September 30, 2022, Huatai had assets over $10 billion (excluding third-party funds) and equity over $2 billion, with 2021 total revenue over $2 billion. Chubb views China as the second-largest insurance market, expecting Huatai to contribute to revenue and earnings amid growing demand from an aging, affluent population. By June 30, 2024, Chubb's ownership reached approximately 85.5%, with outstanding agreements for an additional 0.6%.
| Acquirer | Date | Type |
|---|---|---|
| 18 Nov 2022 | Strategic M&A |
Huatai Insurance Group Valuation
Huatai Insurance Group is currently valued at $10B, based on its strategic investment round in November 2019.
The $1.5B round was led by Chubb.
Huatai Insurance Group valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Nov 2019 | Strategic investment | $10B |
Huatai Insurance Group Funding History
Huatai Insurance Group has raised a total of $1.5B across 1 funding round.
Huatai Insurance Group funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Nov 2019 | Strategic investment | Chubb (lead) | $1.5B | $10B | Huatai Insurance Group is a Chinese financial services holding company with subsidiaries including Huatai P&C Insurance, Huatai Life Insurance, and Huatai Asset Management, operating over 600 branches and serving 11 million customers. On November 25, 2019, Chubb announced an agreement to purchase an additional 15.3% stake from Inner Mongolia Junzheng Energy and Chemical Group, increasing its ownership to 46.2% upon completion, with a subsequent contingent purchase of 7.1%. The transaction was valued at CNY10.8 billion. This followed earlier increases, including to 26.2% effective February 2019, marking Huatai as the first domestic Chinese financial holding to become a Sino-foreign equity joint venture. |
Who has invested in Huatai Insurance Group?
1 investor has backed Huatai Insurance Group across its funding rounds, including Chubb.
Lead investors include Chubb.
Huatai Insurance Group Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialInvestments by Huatai Insurance Group
Huatai Insurance Group has invested in 3 companies to date.
Latest investment by Huatai Insurance Group was on July 15th 2026. Huatai Insurance Group invested in Trinomab in their $13M Undisclosed stage round.
Latest Investments by Huatai Insurance Group
| Description | Trinomab is a Shanghai-based biopharma discovering fully human monoclonal antibodies via its HitmAb platform for infectious diseases and oncology. The company advances TM-101 against COVID-19 variants and TM-201 for solid tumors, both in Phase 1/2 trials across China. HitmAb screens billions of B-cells from immune donors, yielding antibodies with sub-nanomolar potency. Trinomab collaborates with WuXi Biologics for manufacturing scale-up. Founded in 2019, the firm licensed tech from Peking University and expanded facilities to 10,000 square meters. | SemiDrive is a Nanjing-based developer of automotive processors for ADAS, autonomous driving, and smart cockpits. Its X9H series supports L2+ autonomy with 8-core ARM Cortex-A and NPU delivering 4 TOPS, manufactured on SMIC 16nm. The company supplies chips to Chinese OEMs like Great Wall Motor and BYD for domain controllers. | - |
| HQ Country | | | |
| HQ City | Zhuhai | Beijing | - |
| Deal Date | 15 Jul 2026 | 28 Nov 2022 | 25 Apr 2017 |
| Round | Undisclosed stage | Series B | Series C |
| Raised | $13M | $139M | $4M |
| Investors | Huatai Securities | Shenzhen Guozhong Venture Capital Management; ZJ Innopark (Zhangjiang Hi-Tech Park); GoldStone Investment; Shang Qi Capital; Vinno Capital; Shanghai STVC Group; CITIC Securities; V Fund Management | Tianjin YikaiMingtian Zichanguanli Youxiangongsi; YF Capital; Welkin Capital Management; Yanghua Qiye |
| Valuation | undisclosed | undisclosed | undisclosed |
| EV/Revenue | |||
| EV/EBITDA | |||
This data is available for Pro users. Sign up to see all Huatai Insurance Group investments and their VC round multiples. Start Free Trial | |||
Huatai Insurance Group Competitors
Huatai Insurance Group competitors include listed companies like Sanlam, Discovery, Menora Mivtachim and Harel Group, and private ones like Nassau Financial Group and Ping An Healthcare Management.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 South Africa | Publicly listed | $17B | $1.8B | $10B | 3.6x | |
| South Africa | Publicly listed | $5.3B | $1.3B | $11B | 4.3x | |
 Israel | Publicly listed | $3.8B | $1.4B | $11B | 4.2x | |
| Israel | Publicly listed | $9.4B | $1.9B | $14B | 2.6x | |
 Hartford, CT | Private | - | - | $1.7B | - | |
| Shanghai | Private | - | - | $8.8B | - |
Huatai Insurance Group Public Comps
Huatai Insurance Group is no longer listed, but its public comps include Groupe Bruxelles Lambert, Sofina, Polar Capital Technology Trust, Beazley, Sanlam, Orient Securities, Vienna Insurance Group, Oscar Health, Old Republic International and M&G.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $7.4B | $329M | 2.3x | 2.4x | 52.5x | 21.3x | |||
| $223M | - | 52.7x | - | - | - | |||
| $5.1B | - | 2.0x | - | - | - | |||
| $1.1B | - | 9.4x | 1.6x | - | 8.1x | |||
| $17B | $1.8B | 0.6x | 3.6x | 5.4x | - | |||
| $2.2B | - | 4.8x | 3.5x | - | - | |||
| $17B | $1.7B | 0.7x | 0.7x | 6.7x | - | |||
| $12B | ($391M) | 0.5x | 0.4x | (15.9x) | 12.8x | |||
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Common questions about Huatai Insurance Group
| When was Huatai Insurance Group founded? | Huatai Insurance Group was founded in 1996. |
| Where is Huatai Insurance Group headquartered? | Huatai Insurance Group is headquartered in Beijing, China. |
| Is Huatai Insurance Group publicly listed? | No, Huatai Insurance Group was acquired by Chubb in November 2022. |
| Who acquired Huatai Insurance Group? | Huatai Insurance Group was acquired by Chubb in November 2022. |
| What is Huatai Insurance Group's valuation? | Huatai Insurance Group was last valued at $10B in its strategic investment round in November 2019. |
| How much funding has Huatai Insurance Group raised? | Huatai Insurance Group has raised $1.5B across 1 funding round. |
| What was Huatai Insurance Group's last funding round? | Huatai Insurance Group's last funding round was a $1.5B strategic investment round in November 2019, led by Chubb. |
| Who are Huatai Insurance Group's investors? | Huatai Insurance Group's investors include Chubb. |
| Which companies are comparable to Huatai Insurance Group? | Companies comparable to Huatai Insurance Group include Sanlam, Discovery, Menora Mivtachim, Harel Group, Nassau Financial Group and Ping An Healthcare Management. |
| How many companies has Huatai Insurance Group invested in? | Huatai Insurance Group has invested in 3 companies, including Trinomab, SemiDrive and Alog. |
| What was Huatai Insurance Group's last investment? | In July 2026, Huatai Insurance Group invested in Trinomab's $13M undisclosed-stage round alongside Huatai Securities. |
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