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

Pre-tax profit of insurance enterprises at the end of October 2019 was NT$187.9 billion; pre-tax profit of life insurance enterprises was NT$173.8 billion, an increase of NT$56.4 billion, or 48%, compared with the same period in 2018; pre-tax profit of non-life insurance enterprises was NT$14.1 billion, up by NT$100 million or 0.7% compared with the same period in 2018.

Owners’ equity of insurance enterprises at the end of October 2019 was NT$2.0075 trillion; owners’ equity of life insurance enterprises was NT$1.8747 trillion, an increase of NT$756.5 billion, or 67.7%, compared with the same period in 2018; owners’ equity of non-life insurance enterprises was NT$132.8 billion, an increase of NT$15.7 billion, or 13.4%, compared with the same period in 2018.

Up to the end of October 2019, appreciation of the NT$/US$ exchange rate was 1.9% from the previous month, and the balance of foreign exchange valuation reserve of life insurance enterprises was NT$59.6 billion, decreasing NT$20.8 billion from last month. Pre-tax profit of life insurance enterprises at the end of October 2019 including the exchange gains/losses, hedging gains/losses, and the net effects of foreign exchange valuation reserve was NT$173.8 billion.
Visitor: 325   Update: 2020-03-30