Cathay Life Insurance
Founded in 1962, Cathay Life Insurance was the first publicly listed insurance company in Taiwan (1964). Its 8 million policyholders account for one-third of the country’s population, and Cathay Holdings has one-quarter of its assets under management. The company is the only financial institution in Taiwan in the Global Fortune 500.
Cathay Life boosts 9M 2024 net profit to $2.06b
Cathay Life boosts 9M 2024 net profit to $2.06b
The value of new business (VNB) increased 20% to $740m.
Cathay Life’s Taiwan unit sees profit dip in H1 2024
However, gross revenues increased 17.6% YoY.
Cathay Life net profit surges to $2b despite premiums decline
Premium slump was driven by weaker demand for investment-linked and interest-sensitive annuities.
Thought Leadership Centre
In Association with
Most Read
1. Hong Kong’s job-hopping insurance workers may see bigger pay 2. India Post Payments Bank, PNB MetLife India Insurance ink bancassurance deal 3. AIA’s value of new business slated for 23% growth for Q4 2024 4. APAC insurers wary of geopolitical instability in next two years 5. Insurance Development Forum appoints new chair of operating committeeResource Center
Read Here
Advertise
Sign Up
Awards
Jul
08
Events
Event News
The awards programme honours companies in Asia that set new benchmarks in the insurance landscape.
Commentary
Ageing populations and rising mortality main concerns for life insurers and reinsurers