Reported 12 months ago
The Taiwan stock market reaching above 20,000 points has benefited the life insurance industry, with the Financial Supervisory Commission revealing that domestic net investment income of life insurers reached 217.6 billion NT dollars in the first five months, 78 billion NT dollars more than last year. The increase in domestic income mainly came from realized capital gains in Taiwan stocks by insurance companies, surpassing 50 billion NT dollars in May alone. Despite the appreciation of the New Taiwan dollar in May, life insurers were able to maintain a pre-tax profit of 20.8 billion NT dollars. With the stock market hitting new highs, assets like stocks and bonds increased by 280.9 billion NT dollars annually, pushing net worth to 2.47 trillion NT dollars.
Source: YAHOO