Press Release
Profit/loss, net value and exchange gains/losses of the insurance industry in November 2024
2025-01-02
The pre-tax profit of insurance enterprises at the end of November 2024 was NT$351.3 billion; the pre-tax profit of life insurance enterprises was NT$326.3 billion, increasing by NT$213.3 billion, or 188.8% compared to last year, while the pre-tax profit of non-life insurance enterprises was NT$25 billion, increasing by NT$8.9 billion or 55.3%.
Owners' equity of insurance enterprises at the end of November 2024 was NT$2,780.6 billion; owners' equity of life insurance enterprises was NT$2,630.7 billion, going up by NT$533.6 billion, or 25.4% compared to last year, while owners' equity of non-life insurance enterprises was NT$149.9 billion, going up by NT$23.5 billion or 18.6%.
As of the end of November 2024, the NT Dollar had depreciated by 5.31% against the US Dollar since the end of 2023, and the cumulative balance of foreign exchange valuation reserve of life insurance enterprises was NT$185.2 billion, increasing by NT$93.2 billion. Meanwhile, the combined impact of exchange gains/losses, hedging gains/losses and the net effect of volatility on the foreign exchange valuation reserve of life insurance enterprises was NT$-267.9 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$795.6 billion.
Owners' equity of insurance enterprises at the end of November 2024 was NT$2,780.6 billion; owners' equity of life insurance enterprises was NT$2,630.7 billion, going up by NT$533.6 billion, or 25.4% compared to last year, while owners' equity of non-life insurance enterprises was NT$149.9 billion, going up by NT$23.5 billion or 18.6%.
As of the end of November 2024, the NT Dollar had depreciated by 5.31% against the US Dollar since the end of 2023, and the cumulative balance of foreign exchange valuation reserve of life insurance enterprises was NT$185.2 billion, increasing by NT$93.2 billion. Meanwhile, the combined impact of exchange gains/losses, hedging gains/losses and the net effect of volatility on the foreign exchange valuation reserve of life insurance enterprises was NT$-267.9 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$795.6 billion.
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- Update: 2025-01-02