Profit/loss, net value and exchange gains/losses of the insurance industry in April 2023
2023-05-30
The pre-tax profit of insurance enterprises at the end of April 2023 was NT$-8.8 billion; the pre-tax profit of life insurance enterprises was NT$-8.3 billion, decreasing by NT$184.9 billion, or 104.7% compared to last year, while the pre-tax loss of non-life insurance enterprises was NT$-0.5 billion, decreasing by NT$7.1 billion or 107.6%.
Owners' equity of insurance enterprises at the end of April 2023 was NT$1,984.8 billion; owners' equity of life insurance enterprises was NT$1,908.7 billion, going up by NT$209.5 billion, or 12.3% compared to last year, while owners' equity of non-life insurance enterprises was NT$76.1 billion, going down by NT$70.3 billion or 48.0%.
As of the end of April 2023, the NT Dollar had depreciated by 0.10% against the US Dollar since the end of 2022, and the cumulative balance of foreign exchange valuation reserve of life insurance enterprises was NT$210 billion, decreasing by NT$18.9 billion. Meanwhile, the combined impact of exchange gains/losses, hedging gains/losses and the net effect of volatility on the foreign exchange valuation reserve of life insurance enterprises was NT$-109 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$158.3 billion.
Owners' equity of insurance enterprises at the end of April 2023 was NT$1,984.8 billion; owners' equity of life insurance enterprises was NT$1,908.7 billion, going up by NT$209.5 billion, or 12.3% compared to last year, while owners' equity of non-life insurance enterprises was NT$76.1 billion, going down by NT$70.3 billion or 48.0%.
As of the end of April 2023, the NT Dollar had depreciated by 0.10% against the US Dollar since the end of 2022, and the cumulative balance of foreign exchange valuation reserve of life insurance enterprises was NT$210 billion, decreasing by NT$18.9 billion. Meanwhile, the combined impact of exchange gains/losses, hedging gains/losses and the net effect of volatility on the foreign exchange valuation reserve of life insurance enterprises was NT$-109 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$158.3 billion.
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Update:
2023-05-30