| Unit: NTD thousands |
| ASSETS |
December 31, 2023 |
December 31, 2022 |
| Cash (Notes 4 and 6) |
$1,387,004 |
$1,335,225 |
| Receivables |
|
|
| Notes receivable - Net (Notes 4, 12 and 37) |
170,953 |
178,270 |
| Premiums receivable - Net (Notes 4, 12, 31 and 37) |
30,255 |
20,454 |
| Other receivables (Notes 4 and 12) |
61,614 |
42,778 |
| Total receivables |
262,822 |
241,502 |
| Investment |
|
|
| Financial assets at fair value through profit and loss (Notes 4 and 7) |
1,995,758 |
1,272,653 |
| Financial assets carried at cost after amortization (Notes 4, 9 and 10) |
2,949,242 |
2,438,062 |
| Other financial assets (Notes 4, 6 and 11) |
4,870,299 |
5,364,917 |
| Financial assets at fair value through other comprehensive income (Notes 4, 8 and 10) |
2,657,809 |
2,585,030 |
| Investment properties (Notes 4 and 13) |
903,698 |
887,702 |
Total investment |
13,376,806 |
12,548,364 |
| Reinsurance Contracts Assets |
|
|
| Claims recoverable from reinsurers - Net (Notes 4, 12, 14 and 37) |
171,918 |
116,500 |
| Reinsurance accounts receivable - Net (Notes 4, 12, 14 and 37) |
245,340 |
112,332 |
| Reinsurance reserve assets (Notes 4, 14 and 37) |
2,560,148 |
2,016,321 |
| Total reinsurance contract assets |
2,977,406 |
2,245,153 |
| Property, plant, and equipment (Notes 4 and 15) |
624,836 |
658,434 |
| Right-of-use asset (Notes 4 and 16) |
3,711 |
5,064 |
| Intangible assets (Notes 4 and 17) |
33,314 |
39,759 |
| Deferred income tax assets (Notes 4 and 26) |
22,520 |
26,166 |
| Other assets |
|
|
| Guarantee deposits paid (Notes 8 and 18) |
542,240 |
525,331 |
| Other assets - Others (Note 19) |
18,120 |
28,682 |
| Total other assets |
560,360 |
554,013 |
TOTAL ASSETS |
$19,248,779 |
$17,653,680 |
| Liabilities and equity |
|
|
| Payables |
|
|
| Notes payable |
$37,908 |
$7,691 |
| Insurance claims and benefits payable (Notes 4 and 37) |
- |
- |
| Commission payable (Notes 4 and 37) |
96,303 |
114,403 |
| Reinsurance accounts payable (Notes 4 and 37) |
313,059 |
309,253 |
| Other payables (Note 20) |
207,412 |
188,899 |
| Total payables |
654,682 |
620,246 |
| Current income tax liabilities (Note 4) |
72,224 |
49,808 |
| Lease liabilities (Notes 4 and 16) |
3,770 |
5,128 |
| Insurance liabilities (Notes 4, 5, 21 and 37) |
|
|
| Unearned premium reserve |
4,424,737 |
4,145,536 |
| Claim reserve |
3,889,884 |
3,198,094 |
| Special reserve |
1,860,436 |
1,826,863 |
| Deficiency reserve |
- |
1,017 |
| Total insurance liabilities |
10,175,057 |
9,171,510 |
| Provision for employee benefits (Notes 4 and 22) |
33,807 |
51,829 |
| Deferred income tax liabilities (Notes 4 and 26) |
92,934 |
108,291 |
| Other liabilities |
|
|
| Guarantee deposits received |
15,184 |
14,524 |
| Other liabilities - Others (Note 23) |
73,490 |
69,810 |
| Total other liabilities |
88,674 |
84,334 |
| Total liabilities |
11,121,148 |
10,091,146 |
| Share capital (Note 24) |
3,011,638 |
3,011,638 |
| Retained earnings (Note 24) |
|
|
| Legal reserve |
1,689,198 |
1,580,672 |
| Special reserve |
2,585,494 |
2,359,679 |
| Undistributed earnings |
484,160 |
324,592 |
| Total retained earnings |
4,758,852 |
4,264,943 |
| Other equity items (Note 24) |
357,141 |
285,953 |
| Total equity |
8,127,631 |
7,562,534 |
TOTAL LIABILITIES & EQUITY |
$19,248,779 |
$17,653,680 |
