Taiwan life insurance suffers 21.2% YoY drop in profit in February

The non-life segment continues its outstanding performance compared to a year ago.

Taiwan’s life insurance segment failed to outperform its previous year’s numbers in February, suffering a 21.2% drop in pre-tax profit from $4.11b in 2021 to $3.23b this year.

The non-life segment, however, continues to surge past its previous year’s numbers, increasing by 45% to $200m from $140m last year.

Taiwan’s owners’ equity insurance was at $83.94b. Owners’ equity in the life segment went down by 4.6% to $78.42b whilst owners’ equity of the non-life segment rose by 6.9% to $5.52b

The total pre-tax profit of Taiwan’s insurance industry at the end of February 2022 was $3.44b.

You may also like:

Time for a comeback? Hong Kong’s top 50 insurers show a 9.75% surge in assets

Taiwan insurance regulator tightens measures protecting senior citizens

Allianz acquires Aetna’s Thai business

Follow the link s for more news on

Taiwan

Taiwan Insurance Industry Profits

Also Read

APAC reinsurers poised for growth on the back of sustained demand

Double-digit premium growth lifts AIA to record value of new business in Q3

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!

I want to download the media kit