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

The pre-tax profit of insurance enterprises at the end of August 2023 was NT$158.9 billion; the pre-tax profit of life insurance enterprises was NT$149.3 billion, decreasing by NT$115 billion, or 43.5% compared to last year, while the pre-tax loss of non-life insurance enterprises was NT$9.6 billion, increasing by NT$86.1 billion or 112.5%.
  Owners' equity of insurance enterprises at the end of August 2023 was NT$2,210.2 billion; owners' equity of life insurance enterprises was NT$2,089.3 billion, going up by NT$722.3 billion, or 52.8% compared to last year, while owners' equity of non-life insurance enterprises was NT$120.9 billion, going up by NT$26.6 billion or 28.2%.
  As of the end of August 2023, the NT Dollar had depreciated by 3.60% against the US Dollar since the end of 2022, and the cumulative balance of foreign exchange valuation reserve of life insurance enterprises was NT$215.8 billion, decreasing by NT$13.1 billion. Meanwhile, the combined impact of exchange gains/losses, hedging gains/losses and the net effect of volatility on the foreign exchange valuation reserve of life insurance enterprises was NT$-92.3 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$ 501.7billion.
Visitor: 1007   Update: 2023-09-28
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