Profit/loss, net value and exchange gains/losses of the insurance industry in November 2020
2020-12-29
The pre-tax profit of insurance enterprises at the end of November 2020 was NT$224 billion; the pre-tax profit of life insurance enterprises was NT$208.1 billion, an increase of NT$39.1 billion, or 23.1%, compared with the same period in 2019; the pre-tax profit of non-life insurance enterprises was NT$15.9 billion, up by NT$0.6 billion or 3.9% compared with the same period in 2019.
Owners' equity of insurance enterprises at the end of November 2020 was NT$2,608.3 billion; owners' equity of life insurance enterprises was NT$2,465.5 billion, an increase of NT$551.5 billion, or 28.8%, compared with the same period in 2019; the pre-tax profit of non-life insurance enterprises was NT$142.8 billion, up by NT$8.9 billion or 6.6% compared with the same period in 2019.
As of the end of November 2020, the NT Dollar had appreciated by 4.3% versus the US Dollar from the end of 2019, and the cumulative balance of foreign exchange valuation reserve of life insurance enterprises was NT$42.9 billion, down by NT$11.6 billion from the end of 2019. 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 negative NT$260.3 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$585.3 billion.
Owners' equity of insurance enterprises at the end of November 2020 was NT$2,608.3 billion; owners' equity of life insurance enterprises was NT$2,465.5 billion, an increase of NT$551.5 billion, or 28.8%, compared with the same period in 2019; the pre-tax profit of non-life insurance enterprises was NT$142.8 billion, up by NT$8.9 billion or 6.6% compared with the same period in 2019.
As of the end of November 2020, the NT Dollar had appreciated by 4.3% versus the US Dollar from the end of 2019, and the cumulative balance of foreign exchange valuation reserve of life insurance enterprises was NT$42.9 billion, down by NT$11.6 billion from the end of 2019. 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 negative NT$260.3 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$585.3 billion.
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Update：
2020-12-29