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Profit/loss, net value and exchange gains/losses of the insurance industry in March 2024

2024-04-30
The pre-tax profit of insurance enterprises at the end of March 2024 was NT$105.3 billion; the pre-tax profit of life insurance enterprises was NT$96 billion, increasing by NT$122.3 billion, or 465% compared to last year, while the pre-tax profit of non-life insurance enterprises was NT$9.3 billion, increasing by NT$12.5 billion or 390.6%.
  Owners' equity of insurance enterprises at the end of March 2024 was NT$2,617.4 billion; owners' equity of life insurance enterprises was NT$2,480 billion, going up by NT$576.6 billion, or 30.3% compared to last year, while owners' equity of non-life insurance enterprises was NT$137.4 billion, going up by NT$63.4 billion or85.7%.
  As of the end of March 2024, the NT Dollar had depreciated by 3.92% against the US Dollar since the end of 2023, and the cumulative balance of foreign exchange valuation reserve of life insurance enterprises was NT$160.9 billion, increasing by NT$68.8 billion. Meanwhile, the combined impact of exchange gains/losses, hedging gains/losses and the net effect of volatility on the foreign exchange valuation reserve of life insurance enterprises was NT$-50.2 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$292.4 billion.
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  • Update: 2024-04-30
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