Shinkong Insurance holds gains as underwriting discipline bites

Motor insurance made up about half of premiums written.

Shinkong Insurance Company Limited’s (Shinkong Insurance) (Taiwan) operating performance will likely remain strong over the medium term, supported by strict underwriting discipline, effective expense management, and positive investment returns.

Shinkong Insurance’s operating performance remains robust, demonstrated by a five-year weighted average return-on-equity ratio of 14.8% and a net combined ratio of 87.5% (2021-2025), as calculated by AM Best.

The company also reported favourable operating results in 2025, driven by underwriting profitability, with the net combined ratio edging down to a record low of 82.2%.

The underwriting portfolio is moderately diversified, with motor insurance constituting approximately half of premiums written. 

The company’s distribution channel mix remains stable with its direct channel continuing to be the largest contributor. 

The appropriate ERM assessment is underpinned by Shinkong Insurance’s robust risk culture and developed ERM framework.