Taiwan insurers’ pre-tax profit rises 3.1% YoY in February 2025

Life insurance enterprises accounted for $1.64b of the total.

Taiwan’s insurance industry reported a combined pre-tax profit of $1.82b (NT$60.5b) at the end of February, increasing by 3.1% year-on-year (YoY), data from the Insurance Bureau showed.

Life insurance enterprises accounted for $1.64b (NT$54.5b) of this figure, marking a YoY increase of $0.048b (NT$1.6b) or 3.0%.

Non-life insurance enterprises recorded $0.18b (NT$6b) in pre-tax profit, up $0.006b (NT$0.2b) or 3.4% from the previous year.

As of February 2025, the New Taiwan Dollar had depreciated by 0.12% against the US Dollar since the end of 2024.

The cumulative balance of the foreign exchange valuation reserve held by life insurers rose by $0.453b (NT$15.1b) to $7.041b (NT$234.7b).

However, the combined impact of exchange and hedging gains or losses, along with the net effect of valuation volatility, resulted in a negative $1.416b (NT$47.2b) impact on the foreign exchange valuation reserve.

Despite this, overseas investments by life insurers generated net gains of $4.401b (NT$146.7b).

($1.00 = NT$32.99)