Reported 8 months ago
In Taipei on June 24, 2024, Wang Wang Insurance held its shareholders' meeting, reporting a historic high of 12.28 billion NTD in signing premium income last year, with a 12.7 billion NTD increase in profits and a growth rate of 11.5%. The Vice General Manager and spokesperson, Pan Shaoyun, stated that signing premium income for the first half of this year is expected to reach a new high. Wang Wang Insurance accounted for 5% of the general insurance market's total premiums at 243.7 billion NTD, ranking eighth. Chairman Hong Jixiong reported that with significant revenue growth, the company's retained premiums increased, and overall underwriting profits reached a historical peak. Overall, the company's assets have reached 199.3 billion NTD, liabilities at 138.3 billion NTD, and equity at 6.1 billion NTD, creating shareholder value. Due to losses incurred by compensating for pandemic insurance policies, the company reported a deficit at the end of last year, unable to distribute dividends, with plans to recover losses and provide shareholder returns in the future. Pan Shaoyun added that due to the strong growth momentum of corporate insurance premiums, annual signing premium income is expected to exceed last year's record high, indicating continuous success.
Source: YAHOO