News Life and Health03 Sep 2024

Taiwan:Life giant posts 236% jump in 1H net profit, with FX risk management seen as vital

| 03 Sep 2024

Taiwan's biggest life insurer, Cathay Life, reported a net profit of NT$47bn ($1.47bn) in 1H2024, a significant increase from NT$14bn in 1H2023. This 235.7% growth was mainly driven by higher investment income, said CreditSights, a unit of Fitch Group, in a commentary.

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