Financial Supervisory Commission - Insurance Bureau

12/08/2021 | Press release | Distributed by Public on 12/07/2021 21:36

Profit/loss, net value and exchange gains/losses of the i......

The pre-tax profit of insurance enterprises at the end of October 2021 was NT$396.7 billion; the pre-tax profit of life insurance enterprises was NT$375.3 billion, increasing by NT$167.4 billion, or 80.5% over the corresponding period of last year, while the pre-tax profit of non-life insurance enterprises was NT$21.4 billion, rising up by NT$6.9 billion or 47.6%.
Owners' equity of insurance enterprises at the end of October 2021 was NT$2,770.3 billion; owners' equity of life insurance enterprises was NT$2,614 billion, going up by NT$477.9 billion, or 22.4% over the corresponding period of last year, while owners' equity of non-life insurance enterprises was NT$156.3 billion, rising up by NT$18.8 billion or 13.7%.
As of the end of October 2021, the NT Dollar had appreciated by 2.4% against the US Dollar since the end of 2020, and the cumulative balance of foreign exchange valuation reserve of life insurance enterprises was NT$41.2 billion, decreasing by NT$5 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 negative NT$182.8 billion. Over the same period of 2021, 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$670.1 billion.