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

2024-02-29
The pre-tax profit of insurance enterprises at the end of January 2024 was NT$34.7 billion; the pre-tax profit of life insurance enterprises was NT$31.8 billion, increasing by NT$53.7 billion, or 245.2% compared to last year, while the pre-tax profit of non-life insurance enterprises was NT$2.9 billion, increasing by NT$1.7 billion or 141.7%.
  Owners' equity of insurance enterprises at the end of January 2024 was NT$2,354.9 billion; owners' equity of life insurance enterprises was NT$2,225.2 billion, going up by NT$367 billion, or 19.8% compared to last year, while owners' equity of non-life insurance enterprises was NT$129.7 billion, going up by NT$59billion or 83.5%.
  As of the end of January 2024, the NT Dollar had depreciated by 1.81% against the US Dollar since the end of 2023, and the cumulative balance of foreign exchange valuation reserve of life insurance enterprises was NT$114.6 billion, increasing by NT$22.6 billion. Meanwhile, the combined impact of exchange gains/losses, hedging gains/losses and the net effect of volatility on the foreign exchange valuation reserve of life insurance enterprises was NT$-20.2 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$94.2 billion.
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  • Update: 2024-02-29
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