Profit crash continues in July for Taiwan’s general insurance industry

The industry suffered a 466.7% YoY fall in pre-tax profits.

Taiwan suffers another month of year-on-year (YoY) crash in July as it recorded a 466.7% fall in pre-tax profits to $1.80b in the general insurance industry.

The life insurance industry also saw its pre-tax profits fall by 20.7% to $7.92b compared to last year.

Owners' equity of insurance enterprises at the end of July 2022 was $53.32b. Owners' equity of life insurance enterprises was $50.12b, a decrease of 42.8% compared to last year. Meanwhile, owners' equity of non-life insurance enterprises was $3.20b, a decrease of 36%.

The July drop in profits is the fourth consecutive month of decreases in Taiwan's insurance industry.

Follow the links for more news on

Financial Supervisory Commission, Taiwan

Taiwan Insurance Industry Profits

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