Shin Kong Life to boost earnings with Taishin Life merger by 2025

The insurer’s risk-based capital ratio rose to 221% in 2024.

Shin Kong Life Insurance is expected to maintain strong capital metrics and improve core earnings through 2025, supported by margin-focused growth and its planned merger with Taishin Life Insurance by end-2025, Fitch Ratings said.

The insurer’s risk-based capital ratio rose to 221% in 2024 from 176% a year earlier, following a $710m (NT$20.86b) capital injection. 

Fitch expects further improvement through upcoming US dollar debt issuance and steady accumulation of contractual service margin (CSM), which grew 23% in 2024—90% of which came from protection-type products.

Fitch also noted improved profitability, with a 5% return on equity and higher investment income. 
The merger is projected to strengthen Shin Kong Life’s distribution mix and competitive position.