Exchange Rate Fluctuations: Life Insurance Profits in June Rely Solely on Taiwan Stock Market

Reported about 1 year ago

As of June 26, 2024, the Taiwan stock market briefly reached 23,000 points, potentially leading to stock capital gains for the life insurance industry to support profits, with the possibility of pre-tax profits for the first half of the year in the industry reaching 200 billion NTD. Despite the New Taiwan Dollar fluctuating against the US Dollar, the industry is relying on gains from the stock market to offset exchange losses, achieving significant profits in May and June, with May already showing promising post-tax profits and an expected 300 billion NTD pre-tax profits for the whole industry in May.

Source: YAHOO

View details

You may also interested in these wikis

Back to all Wikis