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

The pre-tax profit of insurance enterprises at the end of December 2023 was NT$98.1 billion; the pre-tax profit of life insurance enterprises was NT$80.6 billion, decreasing by NT$91.3 billion, or-53.1% compared to last year, while the pre-tax profit of non-life insurance enterprises was NT$17.5 billion, increasing by NT$208 billion or 109.2%.
  Owners' equity of insurance enterprises at the end of December 2023 was NT$2,373.4 billion; owners' equity of life insurance enterprises was NT$2,245.6 billion, going up by NT$655.2 billion, or 41.2% compared to last year, while owners' equity of non-life insurance enterprises was NT$127.8 billion, going up by NT$66.4 billion or 108.1%.
  As of the end of December 2023, the NT Dollar had depreciated by 0.09% against the US Dollar since the end of 2022, and the cumulative balance of foreign exchange valuation reserve of life insurance enterprises was NT$92 billion, decreasing by NT$136.9 billion. Meanwhile, the combined impact of exchange gains/losses, hedging gains/losses and the net effect of volatility on the foreign exchange valuation reserve of life insurance enterprises was NT$-228.8 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$515.9 billion.
Visitor: 844   Update: 2024-02-01
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