Reported 8 months ago
After experiencing significant capital increases and decreases due to epidemic-related claims, except for New Taiwan Tokyo Marine Insurance and Mega Financial Holdings Insurance, the capital of the other four major property and casualty insurers has returned to pre-epidemic levels. Companies such as Fubon Insurance and Tokio Marine Insurance underwent capital decreases, resulting in increased per-share net value. Amid ongoing disputes over epidemic-related claims, Mega Financial Holdings Insurance has been involved in litigation with Hannover Reinsurance Company, leading to provisions for losses in the fourth quarter of the previous year. The company plans to reassess its financial statements based on the lawsuit's progress.
Source: YAHOO