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

The pre-tax profit of insurance enterprises at the end of October 2023 was NT$193.8 billion; the pre-tax profit of life insurance enterprises was NT$179.4 billion, decreasing by NT$112 billion, or 38.4% compared to last year, while the pre-tax loss of non-life insurance enterprises was NT$14.4 billion, increasing by NT$148.2 billion or 110.8%.
  Owners' equity of insurance enterprises at the end of October 2023 was NT$1,962.2 billion; owners' equity of life insurance enterprises was NT$1,840.3 billion, going up by NT$409.3 billion, or 28.6% compared to last year, while owners' equity of non-life insurance enterprises was NT$121.9 billion, going up by NT$43.5 billion or 55.5%.
  As of the end of October 2023, the NT Dollar had depreciated by 5.28% against the US Dollar since the end of 2022, and the cumulative balance of foreign exchange valuation reserve of life insurance enterprises was NT$214.6 billion, decreasing by NT$14.3 billion. Meanwhile, the combined impact of exchange gains/losses, hedging gains/losses and the net effect of volatility on the foreign exchange valuation reserve of life insurance enterprises was NT$-86.3 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$651.6 billion.
Visitor: 922   Update: 2023-11-28
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