Taiwan’s insurance industry reported a 3.1% year-on-year (YoY) increase in pre-tax profits, reaching a total of $1.82 billion (NT$60.5 billion) by the end of February 2025, according to data from the Insurance Bureau.
Life insurance companies contributed $1.64 billion (NT$54.5 billion) to the overall total, marking a YoY increase of $0.048 billion (NT$1.6 billion), or 3.0%.
Meanwhile, non-life insurers posted $0.18 billion (NT$6 billion) in pre-tax profits, a 3.4% YoY increase of $0.006 billion (NT$0.2 billion).
At the same time, Taiwan’s currency, the New Taiwan Dollar (TWD), depreciated by 0.12% against the US Dollar compared to the end of 2024.
Life insurers’ foreign exchange valuation reserve increased by $0.453 billion (NT$15.1 billion) to $7.041 billion (NT$234.7 billion). However, the cumulative effect of exchange rate fluctuations and hedging gains or losses led to a negative impact of $1.416 billion (NT$47.2 billion) on the reserve.
Despite this, life insurers saw net gains of $4.401 billion (NT$146.7 billion) from overseas investments.
Exchange rate: $1.00 = NT$32.99.
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