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 Profit/loss, net value and exchange gains/losses of the insurance industry in March 2023

The pre-tax profit of insurance enterprises at the end of March 2023 was NT$-29.5 billion; the pre-tax profit of life insurance enterprises was NT$-26.3 billion, decreasing by NT$155.1 billion, or 120.4% compared to last year, while the pre-tax loss of non-life insurance enterprises was NT$-3.2 billion, decreasing by NT$10 billion or 147.1%.
  Owners' equity of insurance enterprises at the end of March 2023 was NT$1,977.4 billion; owners' equity of life insurance enterprises was NT$1,903.4 billion, going down by NT$289.6 billion, or 13.2% compared to last year, while owners' equity of non-life insurance enterprises was NT$74 billion, going down by NT$82.7 billion or     52.8%.
  As of the end of March 2023, the NT Dollar had appreciated by 0.83% against the US Dollar since the end of 2022, and the cumulative balance of foreign exchange valuation reserve of life insurance enterprises was NT$203 billion, decreasing by NT$25.9 billion. Meanwhile, the combined impact of exchange gains/losses, hedging gains/losses and the net effect of volatility on the foreign exchange valuation reserve of life insurance enterprises was NT$-104.5 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$83.4 billion.
Visitor: 446   Update: 2023-06-02
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