CTBC Insurance’s outlook to stay afloat amidst earnings improvement

The insurer delivered positive results in 2024 and through 9M 2025.

AM Best has revised its outlook on CTBC Insurance to positive, citing expectations of continued earnings improvement driven by stronger premium growth, better underwriting results, and stable investment income.

The firm said CTBC Insurance is positioned to maintain positive operating results over the next few years as it expands higher-margin lines, particularly in casualty and personal lines, and continues to benefit from business sourced through its affiliated distribution channels, including Taiwan Life and CTBC Bank.

CTBC Insurance delivered positive results in 2024 and through the first nine months of 2025, supported by improved underwriting performance and steady investment returns. 

The company recorded the fastest gross premium growth in Taiwan’s non-life market in 2024, led by voluntary motor and commercial lines. 

AM Best expects this momentum to continue for at least the next three years based on the insurer’s business plan, though it noted that operating expenses remain high relative to its premium scale.

CTBC Insurance holds a modest 1.2% share of Taiwan’s non-life market and ranked 14th in 2024. 

AM Best said the company has strengthened its risk management following pandemic-related losses and continues to gain from the wider CTBC group through brand recognition, cross-selling opportunities, and ongoing support in capital and operations.