Taiwan Fire & Marine Insurance Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 11, 2020 at 12:13 pm EST
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Taiwan Fire & Marine Insurance Co., Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced operating income was TWD 239.768 million compared to TWD 248.695 million a year ago. Net income was TWD 223.397 million compared to TWD 222.052 million a year ago. Basic earnings per share was TWD 0.62 compared to TWD 0.61 a year ago. For the nine months, operating income was TWD 613.500 million compared to TWD 685.852 million a year ago. Net income was TWD 555.070 million compared to TWD 578.501 million a year ago. Basic earnings per share was TWD 1.53 compared to TWD 1.6 a year ago. Diluted earnings per share was TWD 1.53 compared to TWD 1.59 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.