TS Holdings merges Shin Kong Life and Taishin Life

Contractual Service Margin (CSM) is expected to exceed $7.91b.

Shin Kong Life Insurance and Taishin Life Insurance, subsidiaries of TS Financial Holdings Co., Ltd (TS Holdings), have concluded their merger last 1 January.

With Taishin Life Insurance as the surviving entity, the company was renamed Shin Kong Life Insurance, preserving the Shin Kong Life brand.

“This merger upholds our commitment to customers and reinforces our values. Shin Kong Life will remain dedicated to professionalism, innovation, and sustainability, becoming a trusted partner in life insurance protection and wealth management,” Thomas Wu, Chairman of TS Holdings said in a press release.

The re-recognition of assets at fair value also increases flexibility in asset allocation, whilst total Contractual Service Margin (CSM) is expected to exceed $7.91b (NT$250b), providing a foundation for stable, long-term profitability, the press release said.

Shin Kong Life will incorporate product portfolios and leverage complementary distribution strengths, as the company holds assets worth $130b (NT$4t).

($1.00 = NT$31.61)