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Profit/loss, net value and exchange gains/losses of the insurance industry in July 2022

The pre-tax profit of insurance enterprises at the end of July 2022 was NT$186.3 billion; the pre-tax profit of life insurance enterprises was NT$241.3 billion, decreasing by NT$62.9 billion, or -20.7% compared to last year, while the pre-tax loss of non-life insurance enterprises was NT$55 billion, decreasing by NT$70 billion or -466.7%.
  Owners' equity of insurance enterprises at the end of July 2022 was NT$1,625.4 billion; owners' equity of life insurance enterprises was NT$1,527.8 billion, going down by NT$1,144.7 billion, or -42.8% compared to last year, while owners' equity of non-life insurance enterprises was NT$97.6 billion, going down by NT$54.8 billion or -36.0%.
  As of the end of July 2022, the NT Dollar had depreciated by 8.1% against the US Dollar since the end of 2021, and the cumulative balance of foreign exchange valuation reserve of life insurance enterprises was NT$174.9 billion, increasing by NT$131.3 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 NT$32.6 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$694.6 billion.
Visitor: 683   Update: 2022-08-30
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