, Taiwan

Taiwan insurance industry profits continues downward spiral

Life insurer profits dropped by 23.6% whilst non-life fell by 203.2%

Taiwan’s insurance industry pre-tax profits continue to fall in May with the pre-tax profit of life insurance firms dropping 23.6% to $5.70b year-on-year (YoY) and non-life falling 203.2% to $320m YoY, according to statistics released by the Financial Supervisory Commission.

Insurance firms’ owner's equity fell 33% to $55.37b YoY whilst non-life insurance businesses’ owner's equity dropped 13.4% to $4.30b

Meanwhile, the combined impact of exchange gains/losses, hedging gains/losses and the net effect of volatility on the foreign exchange valuation reserve of life insurance enterprises was $640m. Over the same period, the overseas investments of life insurers resulted in net gains (including exchange gains/losses and hedging gains/losses, but not including the net effect of volatility on the foreign exchange valuation reserve) of $16.46b.

Taiwan's insurance industry also reported YoY drops in April.

Follow the links for more news on

Join Insurance Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!