Taiwan insurers' profit slumps 39% to $7b by November 2025

Life carriers drove the drop whiste non life results expanded over the same period.

Insurance companies in Taiwan posted combined pre-tax profit of $6.8b (NT$213.8b) at the end of November 2025, a 39.14% year-on-year (YoY) contraction, according to data from the Insurance Bureau.

Life insurers accounted for $5.8b (NT$180.1b) of the total, but this was down $4.7b (NT$146.2b), or 44.8%, from a year earlier.

In contrast, non-life insurers reported pre-tax profit of $1.1b (NT$33.7b), up $0.3b (NT$8.7b), or 34.8% year on year.

The stronger New Taiwan dollar continued to weigh on life insurers’ foreign asset positions.

By end-November, the NT dollar had appreciated 4.37% against the US dollar since end-2024.

The cumulative foreign exchange valuation reserve of life insurers rose to $16.4b (NT$513.8b), an increase of $9.4b (NT$294.2b).

However, the combined effect of exchange movements, hedging results and volatility adjustments led to a net negative impact of $22.6b (NT$704.8b) on the valuation reserve.

Over the same period, life insurers’ overseas investments still generated net gains of $13.9b (NT$435.4b) when excluding the volatility adjustment to the valuation reserve.

($1.00 = NT$31.41)