Taiwan's Cathay Life posts $2.18b net profit in 4M 2021

Parent firm Cathay Financial recorded a $511m net profit in April.

Taiwan’s Cathay Life Insurance has posted a $2.18b (NT$61.04b) net profit for the first four months of 2021, higher than the $1.88b (NT$51.54b) recorded for the whole of 2020, according to the Central News Agency.

This helped Cathay Financial retain its standing as the most profitable stock-listed firm in the country. Its own net profit in April totaled $511m (NT$14.3b), significantly higher than the $146.6m (NT$4.1b) reported in the same month in 2020.

Its non-life insurance, securities and investment trust operations also saw their net profits hitting new highs, Cathay Financial said.

Meanwhile, Fubon Financial posted $2.29b (NT$63.93b) in net profit with earnings per share (EPS) at $0.22 (NT$6.25), beating Cathay Financial's $0.19 (NT$5.39) to become the top earner in terms of EPS.

Fubon Financial said the higher net income came after flagship subsidiary Fubon Life Insurance posted $1.73b (NT$48.59b) in net profit in the four months in 2021.

Also Read

Philippine life insurance sector slated for 5.4% CAGR by 2028

Property insurance industry to exceed $152b by 2028

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit