Profit/loss, net value and exchange gains/losses of the insurance industry in February 2020
2020-03-26
The pre-tax profit of insurance enterprises at the end of February 2020 was NT$52.6 billion; the pre-tax profit of life insurance enterprises was NT$49.7 billion, an increase of NT$32.1 billion, or 182.4%, compared with the same period in 2019; the pre-tax profit of non-life insurance enterprises was NT$2.9 billion, down by NT$100 million or 3.3% compared with the same period in 2019.
Owners'' equity of insurance enterprises at the end of February 2020 was NT$2,132.1 billion; owners'' equity of life insurance enterprises was NT$1,996.3 billion, an increase of NT$637.9 billion, or 47%, compared with the same period in 2019; the pre-tax profit of non-life insurance enterprises was NT$135.8
billion, up by NT$11.8 billion or 9.5% compared with the same period in 2019.
As of the end of February 2020, the NT Dollar had depreciated by 0.7% versus the US Dollar from the end of 2019.
Meanwhile, the pre-tax profit of life insurance enterprises at the end of February 2020 including the combined NT$40.8 billion impact of exchange gains/losses, hedging gains/losses, and
the net effect of volatility on the foreign exchange valuation reserve was NT$49.7 billion.
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Update:
2020-06-30