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

2023-02-02
The pre-tax profit of insurance enterprises at the end of December 2022 was NT$-18.6 billion; the pre-tax profit of life insurance enterprises was NT$171.9 billion, decreasing by NT$216.6 billion, or 55.8% compared to last year, while the pre-tax loss of non-life insurance enterprises was NT$-190.5 billion, decreasing by NT$213.1 billion or   942.9 %.
  Owners' equity of insurance enterprises at the end of December 2022 was NT$1,651.8 billion; owners' equity of life insurance enterprises was NT$1,590.4 billion, going down by NT$1,131.8 billion, or 41.6% compared to last year, while owners' equity of non-life insurance enterprises was NT$61.4 billion, going down by NT$99.4 billion or     61.8%.
  As of the end of December 2022, the NT Dollar had depreciated by 9.83% against the US Dollar since the end of 2021, and the cumulative balance of foreign exchange valuation reserve of life insurance enterprises was NT$228.9 billion, increasing by NT$185.0 billion. Meanwhile, the combined impact of exchange gains/losses, hedging gains/losses and the net effect of volatility on the foreign exchange valuation reserve of life insurance enterprises was NT$-26.4 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$993.8 billion.
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  • Update: 2023-03-07
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