Profit/loss, net value and exchange gains/losses of the insurance industry in February 2021
2021-03-25
The pre-tax profit of insurance enterprises at the end of February 2021 was NT$121.3 billion; the pre-tax profit of life insurance enterprises was NT$117.3 billion, an increase of NT$67.6 billion, or 136%, compared with the same period in 2020; the pre-tax profit of non-life insurance enterprises was NT$4 billion, up by NT$1.1 billion or 37.9% compared with the same period in 2020.
Owners' equity of insurance enterprises at the end of February 2021 was NT$2,496.4 billion; owners' equity of life insurance enterprises was NT$2,348.9 billion, an increase of NT$352.6 billion, or 17.7%, compared with the same period in 2020; the pre-tax profit of non-life insurance enterprises was NT$147.5 billion, up by NT$11.7 billion or 8.6% compared with the same period in 2020.
As of the end of February 2021, the NT Dollar had appreciated by 0.7% versus the US Dollar from the end of 2020, and the cumulative balance of foreign exchange valuation reserve of life insurance enterprises was NT$36.9 billion, down by NT$9.3 billion from the end of 2020. 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$47.8 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$151 billion.
Owners' equity of insurance enterprises at the end of February 2021 was NT$2,496.4 billion; owners' equity of life insurance enterprises was NT$2,348.9 billion, an increase of NT$352.6 billion, or 17.7%, compared with the same period in 2020; the pre-tax profit of non-life insurance enterprises was NT$147.5 billion, up by NT$11.7 billion or 8.6% compared with the same period in 2020.
As of the end of February 2021, the NT Dollar had appreciated by 0.7% versus the US Dollar from the end of 2020, and the cumulative balance of foreign exchange valuation reserve of life insurance enterprises was NT$36.9 billion, down by NT$9.3 billion from the end of 2020. 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$47.8 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$151 billion.
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Update：
2021-03-26