Taiwan's Cathay Life posts $2.18b net profit in 4M 2021

Parent firm Cathay Financial recorded a $511m net profit in April.

Taiwan’s Cathay Life Insurance has posted a $2.18b (NT$61.04b) net profit for the first four months of 2021, higher than the $1.88b (NT$51.54b) recorded for the whole of 2020, according to the Central News Agency.

This helped Cathay Financial retain its standing as the most profitable stock-listed firm in the country. Its own net profit in April totaled $511m (NT$14.3b), significantly higher than the $146.6m (NT$4.1b) reported in the same month in 2020.

Its non-life insurance, securities and investment trust operations also saw their net profits hitting new highs, Cathay Financial said.

Meanwhile, Fubon Financial posted $2.29b (NT$63.93b) in net profit with earnings per share (EPS) at $0.22 (NT$6.25), beating Cathay Financial's $0.19 (NT$5.39) to become the top earner in terms of EPS.

Fubon Financial said the higher net income came after flagship subsidiary Fubon Life Insurance posted $1.73b (NT$48.59b) in net profit in the four months in 2021.

Also Read

APAC emerges as leader in renewables insurance

Only 14% of rich people prioritise life insurance despite awareness

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

Top News

APAC emerges as leader in renewables insurance

RE is projected to account for 45% of global electricity generation by 2030.

Insurance

1 day ago

Only 14% of rich people prioritise life insurance despite awareness

41% of SEA saw potential family disputes from lack of a plan as top concern.

Insurance

1 day ago

Zurich eyes to surpass 23% ROE in next three years

It also aims to achieve core EPS with a CAGR of over 9%.

Insurance

1 day ago

IFRC-DREF triggers insurance payout after disaster relief demands exceed threshold

The policy provides up to $16.92m in coverage.The International Federation of Red Cross and Red Crescent Societies' Disaster Response Emergency Fund (IFRC-DREF) has triggered its first-ever insurance payout after disaster relief demands exceeded its deductible threshold.

Insurance

1 day ago