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 Profit/loss, net value and exchange gains/losses of the insurance industry in June 2024

The pre-tax profit of insurance enterprises at the end of June 2024 was NT$229.7 billion; the pre-tax profit of life insurance enterprises was NT$214.5 billion, increasing by NT$162.5 billion, or 312.5% compared to last year, while the pre-tax profit of non-life insurance enterprises was NT$15.2 billion, increasing by NT$11.6 billion or 322.2%.
  Owners' equity of insurance enterprises at the end of June 2024 was NT$2,781.6 billion; owners' equity of life insurance enterprises was NT$2,637.8 billion, going up by NT$588 billion, or 28.7% compared to last year, while owners' equity of non-life insurance enterprises was NT$143.8 billion, going up by NT$27.5 billion or 23.6%.
  As of the end of June 2024, the NT Dollar had depreciated by 5.29% against the US Dollar since the end of 2023, and the cumulative balance of foreign exchange valuation reserve of life insurance enterprises was NT$189.9 billion, increasing by NT$97.9 billion. Meanwhile, the combined impact of exchange gains/losses, hedging gains/losses and the net effect of volatility on the foreign exchange valuation reserve of life insurance enterprises was NT$-112.3 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$520.2 billion.
Visitor: 873   Update: 2024-07-30
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