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Profit/loss, net value and exchange gains/losses of the insurance industry in November 2019

Pre-tax profit of insurance enterprises at the end of November 2019 was NT$184 billion; pre-tax profit of life insurance enterprises was NT$168.7 billion, an increase of
NT$60 billion, or 55.2%, compared with the same period in
2018; pre-tax profit of non-life insurance enterprises was NT$15.3 billion, up by NT$900 million or 6.3% compared with the same period in 2018.

Owners’ equity of insurance enterprises at the end of November 2019 was NT$2,047.9 billion; Owners’ equity of
life insurance enterprises was NT$1,914 billion, an increase of NT$794.9 billion, or 71%, compared with the same period in 2018; owners’ equity of non-life insurance enterprises was NT$133.9 billion, up by NT$16 billion or 13.6% compared, compared with the same period in 2018.

During the month of November 2019, the NT Dollar depreciated by 0.2% versus the US Dollar from the previous month, and the cumulative balance of foreign exchange valuation reserve of life insurance enterprises to the end of November in 2019 was NT$58.5 billion, decreasing NT$1.1 billion from the previous month. Pre-tax profit of life insurance enterprises at the end of November 2019—which includes exchange gains/losses, hedging gains/losses, and the net effect of volatility on the foreign exchange valuation reserve—was NT$168.7 billion.
Visitor: 360   Update: 2020-03-30