Taiwan Fire & Marine Insurance Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 03, 2023 at 06:53 pm EDT
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Taiwan Fire & Marine Insurance Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was TWD 1,767.82 million compared to TWD 1,578.59 million a year ago. Net income was TWD 318.96 million compared to TWD 256.34 million a year ago. Basic earnings per share from continuing operations was TWD 0.88 compared to TWD 0.71 a year ago. Diluted earnings per share from continuing operations was TWD 0.88 compared to TWD 0.71 a year ago.
For the nine months, revenue was TWD 5,114.61 million compared to TWD 4,587.33 million a year ago. Net income was TWD 850.54 million compared to TWD 622.4 million a year ago. Basic earnings per share from continuing operations was TWD 2.35 compared to TWD 1.72 a year ago. Diluted earnings per share from continuing operations was TWD 2.34 compared to TWD 1.71 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.