Taiwan’s Insurers Rebound to Profit After New Reserve Rules (2)

Taiwan’s biggest insurers returned to profits in June after the regulator rolled out new rules to allow companies to access extra reserves to offset shortfalls from gains in the local currency.

The six largest insurance firms recorded a combined after-tax profit of NT$31.2 billion ($1.1 billion), according to company statements and Bloomberg’s calculations. That compared to a combined loss of roughly NT$35 billion in May.

Among them, Nan Shan Life Insurance Co. posted the largest profit of NT$11.3 billion, followed by rival Fubon Life Insurance Co.’s NT$8.74 billion. Cathay Life Insurance Co.’s profits increased while other major companies ...