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Profit/loss, net value and exchange gains/losses of the insurance industry in December 2020

  The pre-tax profit of insurance enterprises at the end of December 2020 was NT$223 billion; the pre-tax profit of life insurance enterprises was NT$206.1 billion, an increase of NT$51.4 billion, or 33.2%, compared with the same period in 2019; the pre-tax profit of non-life insurance enterprises was NT$17 billion, up by NT$1 billion or 6.3% compared with the same period in 2019.

  Owners' equity of insurance enterprises at the end of December 2020 was NT$2,663.1 billion; owners' equity of life insurance enterprises was NT$2,518.5 billion, an increase of NT$588.8 billion, or 30.5%, compared with the same period in 2019; the pre-tax profit of non-life insurance enterprises was NT$144.6 billion, up by NT$9.3 billion or 6.9% compared with the same period in 2019.

  As of the end of December 2020, the NT Dollar had appreciated by 5.3% versus the US Dollar from the end of 2019, and the cumulative balance of foreign exchange valuation reserve of life insurance enterprises was NT$46.2 billion, down by NT$8.3 billion from the end of 2019. 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 negative NT$296.8 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$626.4 billion
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