Taiwan insurers post $30.7b in Q1 pre-tax profit for 2025

Both life and non-life insurance markets recorded YoY contractions.

Taiwan’s insurance sector posted a combined pre-tax profit of $30.72b (NT$93.1b) as of the end of March 2025, falling 11.6 % year-on-year, according to data from the Insurance Bureau.

Life insurance enterprises reported a pre-tax profit of $27.92b (NT$84.9b), down $3.66b (NT$11.1b) or 11.6% from the same period last year.

Non-life insurers recorded $2.71b (NT$8.2b) in pre-tax profit, marking a year-on-year decline of $363m (NT$1.1b) or 11.8%.

The New Taiwan Dollar depreciated by 1.21% against the US Dollar during the first quarter. As a result, the foreign exchange valuation reserve of life insurance firms rose by $21.12b (NT$64.0b) to $93.59b (NT$283.6b).

However, the combined effect of exchange and hedging gains or losses, along with volatility in the foreign exchange valuation reserve, amounted to a negative $16.47b (NT$49.9b).

Despite this, life insurers recorded $92.86b (NT$281.4b) in net gains from overseas investments. This figure includes exchange and hedging results but excludes the impact of foreign exchange valuation reserve volatility.