Profit/loss, net value and exchange gains/losses of the insurance industry in August 2021
2021-09-28
The pre-tax profit of insurance enterprises at the end of August 2021 was NT$356.1 billion; the pre-tax profit of life insurance enterprises was NT$338.6 billion, increasing by NT$151.8 billion, or 81.3% over the corresponding period of last year, while the pre-tax profit of non-life insurance enterprises was NT$17.5 billion, rising up by NT$5 billion or 40%.
Owners' equity of insurance enterprises at the end of August 2021 was NT$2,845.6 billion; owners' equity of life insurance enterprises was NT$2,691.6 billion, going up by NT$388.7 billion, or 16.9% over the corresponding period of last year, while owners' equity of non-life insurance enterprises was NT$154 billion, rising up by NT$16.5 billion or 12%.
As of the end of August 2021, the NT Dollar had appreciated by 2.6% against the US Dollar since the end of 2020, and the cumulative balance of foreign exchange valuation reserve of life insurance enterprises was NT$28.9 billion, decreasing by NT$17.3 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 negative NT$169 billion. Over the same period of 2021, 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$526.8 billion.
Owners' equity of insurance enterprises at the end of August 2021 was NT$2,845.6 billion; owners' equity of life insurance enterprises was NT$2,691.6 billion, going up by NT$388.7 billion, or 16.9% over the corresponding period of last year, while owners' equity of non-life insurance enterprises was NT$154 billion, rising up by NT$16.5 billion or 12%.
As of the end of August 2021, the NT Dollar had appreciated by 2.6% against the US Dollar since the end of 2020, and the cumulative balance of foreign exchange valuation reserve of life insurance enterprises was NT$28.9 billion, decreasing by NT$17.3 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 negative NT$169 billion. Over the same period of 2021, 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$526.8 billion.
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Update：
2021-10-06