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

The pre-tax profit of insurance enterprises at the end of October 2022 was NT$157.6 billion; the pre-tax profit of life insurance enterprises was NT$291.4 billion, decreasing by NT$83.9 billion, or -22.4% compared to last year, while the pre-tax loss of non-life insurance enterprises was NT$-133.8 billion, decreasing by NT$155.2 billion or -725.2%.
  Owners' equity of insurance enterprises at the end of October 2022 was NT$1,509.4 billion; owners' equity of life insurance enterprises was NT$1,431 billion, going down by NT$1,183 billion, or -45.3% compared to last year, while owners' equity of non-life insurance enterprises was NT$78.4 billion, going down by NT$77.9 billion or -49.8%.
  As of the end of October 2022, the NT Dollar had depreciated by 14.0% against the US Dollar since the end of 2021, and the cumulative balance of foreign exchange valuation reserve of life insurance enterprises was NT$304.5 billion, increasing by NT$260.8 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$102.4 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$1,091.2 billion.
Visitor: 383   Update: 2022-11-29
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