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 principally engaged in direct insurance and reinsurance services. The Company provides direct insurance services, including fire insurance, cargo transportation insurance, hull insurance, fishing boat insurance, aviation insurance, automobile insurance, cash insurance, credit and bond insurance, liability insurance, civil responsibility insurance, injury insurance, residential earthquake insurance, health insurance, commercial fire insurance, residential fire insurance and other property insurances, as well as reinsurance services. The Company operates its businesses principally in Taiwan.