Profit/loss, net value and exchange gains/losses of the insurance industry in January 2020
2020-02-25
The pre-tax profit of insurance enterprises at the end of January 2020 was NT$24.9 billion; the pre-tax profit of life insurance enterprises was NT$23.3 billion, an increase of NT$18.7 billion, or 406.5%, compared with the same period in 2019; the pre-tax profit of non-life
insurance enterprises was NT$1.6 billion, up by NT$500 million or 45.5% compared with the same period in 2019. Owners'' equity of insurance enterprises at the end of January 2020 was NT$2,122 billion; owners'' equity of life insurance enterprises was NT$1,986.6 billion, an increase of NT$724.4 billion, or 57.4%, compared with the same period in 2019; the pre-tax profit of nonlife insurance enterprises was NT$135.4 billion, up by NT$14.9 billion or 12.4% compared with the same period in 2019.Overall, as of the end of January 2020 Taiwan''s life insurance enterprises had total assets of NT$29.8 trillion while its foreign investments stood at NT$17.7 trillion, the NT Dollar had depreciated by 0.46% versus the US Dollar from the end of 2019. Meanwhile, the pre-tax profit of life insurance enterprises at the end of January 2020—into which is factored the combined NT$22.2 billion impact of exchange gains/losses, hedging gains losses, and the net effect of volatility on the foreign exchange valuation reserve—was NT$23.3 billion.
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Update:
2020-06-30