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 Profit/loss, net value and exchange gains/losses of the insurance industry in November 2023

The pre-tax profit of insurance enterprises at the end of November 2023 was NT$129.1 billion; the pre-tax profit of life insurance enterprises was NT$113 billion, decreasing by NT$103.1 billion, or 47.7% compared to last year, while the pre-tax loss of non-life insurance enterprises was NT$16.1 billion, increasing by NT$170.4 billion or 110.4%.
  Owners' equity of insurance enterprises at the end of November 2023 was NT$2,223.5 billion; owners' equity of life insurance enterprises was NT$2,097.1 billion, going up by NT$401.8 billion, or 23.7% compared to last year, while owners' equity of non-life insurance enterprises was NT$126.4 billion, going up by NT$60.5 billion or 91.8%.
  As of the end of November 2023, the NT Dollar had depreciated by 1.77% against the US Dollar since the end of 2022, and the cumulative balance of foreign exchange valuation reserve of life insurance enterprises was NT$128.6 billion, decreasing by NT$100.3 billion. Meanwhile, the combined impact of exchange gains/losses, hedging gains/losses and the net effect of volatility on the foreign exchange valuation reserve of life insurance enterprises was NT$-171.2 billion. Over the same period, the overseas investments of life insurers resulted in net gains (including exchange gains/losses and hedging gains/losses, but not including the net effect of volatility on the foreign exchange valuation reserve) of NT$540.9 billion.
Visitor: 1608   Update: 2023-12-28
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