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

The pre-tax profit of insurance enterprises at the end of August 2022 was NT$187.8 billion; the pre-tax profit of life insurance enterprises was NT$264.3 billion, decreasing by NT$74.3 billion, or -21.9% compared to last year, while the pre-tax loss of non-life insurance enterprises was NT$-76.5 billion, decreasing by NT$94 billion or -537.1%.
  Owners' equity of insurance enterprises at the end of August 2022 was NT$1,461.3 billion; owners' equity of life insurance enterprises was NT$1,367 billion, going down by NT$1,324.6 billion, or -49.2% compared to last year, while owners' equity of non-life insurance enterprises was NT$94.3 billion, going down by NT$59.7 billion or -38.8%.
  As of the end of August 2022, the NT Dollar had depreciated by 9.9% against the US Dollar since the end of 2021, and the cumulative balance of foreign exchange valuation reserve of life insurance enterprises was NT$204.8 billion, increasing by NT$161.1 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$44.7 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$815.3 billion.
 
Visitor: 684   Update: 2022-09-27
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