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Profit/loss, net value and exchange gains/losses of the insurance industry in January 2023

2023-03-02
The pre-tax profit of insurance enterprises at the end of January 2023 was NT$-20.7 billion; the pre-tax profit of life insurance enterprises was NT$-21.9 billion, decreasing by NT$87.0 billion, or 133.6% compared to last year, while the pre-tax loss of non-life insurance enterprises was NT$1.2 billion, decreasing by NT$2.7 billion or 69.2 %.
  Owners' equity of insurance enterprises at the end of January 2023 was NT$1,928.9 billion; owners' equity of life insurance enterprises was NT$1,858.2 billion, going down by NT$564.4 billion, or 23.3% compared to last year, while owners' equity of non-life insurance enterprises was NT$70.7 billion, going down by NT$86.4 billion or     55.0%.
  As of the end of January 2023, the NT Dollar had appreciated by 2.20% against the US Dollar since the end of 2022, and the cumulative balance of foreign exchange valuation reserve of life insurance enterprises was NT$192.7 billion, decreasing by NT$36.2 billion. Meanwhile, the combined impact of exchange gains/losses, hedging gains/losses and the net effect of volatility on the foreign exchange valuation reserve of life insurance enterprises was NT$-56.1 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$-26.3 billion.
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  • Update: 2023-03-02
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