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Profit/loss, net value and exchange gains/losses of the insurance industry in November 2022

2022-12-29
The pre-tax profit of insurance enterprises at the end of November 2022 was NT$61.8 billion; the pre-tax profit of life insurance enterprises was NT$216.1 billion, decreasing by NT$170.4 billion, or -44.1% compared to last year, while the pre-tax loss of non-life insurance enterprises was NT$-154.3 billion, decreasing by NT$176.6 billion or -791.9 %.
  Owners' equity of insurance enterprises at the end of November 2022 was NT$1,761.2 billion; owners' equity of life insurance enterprises was NT$1,695.3 billion, going down by NT$957.4 billion, or -36.1% compared to last year, while owners' equity of non-life insurance enterprises was NT$65.9 billion, going down by NT$92.5 billion or -58.4%.
  As of the end of November 2022, the NT Dollar had depreciated by 10.39% against the US Dollar since the end of 2021, and the cumulative balance of foreign exchange valuation reserve of life insurance enterprises was NT$242.3 billion, increasing by NT$198.6 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$17 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$993.2 billion.
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  • Update: 2022-12-29
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