Union Insurance Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 08, 2023 at 04:12 am EST
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Union 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 2,629.62 million compared to TWD 2,253.84 million a year ago. Net income was TWD 282.42 million compared to TWD 7.73 million a year ago. Basic earnings per share from continuing operations was TWD 1.26 compared to TWD 0.03 a year ago.
For the nine months, revenue was TWD 7,606.28 million compared to TWD 6,131.18 million a year ago. Net income was TWD 1,047.34 million compared to net loss of TWD 807.84 million a year ago. Basic earnings per share from continuing operations was TWD 4.68 compared to basic loss per share from continuing operations of TWD 3.61 a year ago.
Union Insurance Co., Ltd. is a Taiwan-based company principally engaged in insurance businesses. The Company mainly provides seven insurance categories. Fire insurances include residential fire insurance, commercial fire insurance, earthquake insurance and flood insurance. Transportation insurances include cargo insurance, aviation insurance and fish boats insurance. Automobile insurances include non-compulsory and compulsory auto liability insurances. Engineering insurances include construction insurance, installation insurance, machinery insurance and electrical equipment insurance. Liability insurances include general liability insurance and individual and commercial comprehensive insurances. Injury insurances include group and individual injury insurances and travel insurance. Health insurances include personal healthcare insurance.