Taiwan Fire & Marine Insurance Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 27, 2023
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Taiwan Fire & Marine Insurance Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was TWD 1,718.69 million compared to TWD 1,508.02 million a year ago. Net income was TWD 289.37 million compared to TWD 293.09 million a year ago. Basic earnings per share from continuing operations was TWD 0.8 compared to TWD 0.81 a year ago. Diluted earnings per share from continuing operations was TWD 0.8 compared to TWD 0.81 a year ago.
For the six months, revenue was TWD 3,346.79 million compared to TWD 3,008.74 million a year ago. Net income was TWD 531.58 million compared to TWD 366.06 million a year ago. Basic earnings per share from continuing operations was TWD 1.47 compared to TWD 1.01 a year ago. Diluted earnings per share from continuing operations was TWD 1.46 compared to TWD 1.01 a year ago.
Taiwan Fire & Marine Insurance Co Ltd is a Taiwan-based company mainly engaged in direct signing business and reinsurance business. Direct signing business includes fire insurance, cargo transportation insurance, hull insurance, fishing boat insurance, aviation insurance, automobile insurance, cash insurance, credit guarantee insurance, liability insurance, engineering insurance, injury insurance, health insurance, and other property insurance. Reinsurance business includes domestic and overseas branch businesses of various insurance companies. The Company mainly operates business in Taiwan, and its products are mainly sold in the Taiwan, Penghu, Kinmen and Matsu regions.