| Unit: NTD thousand, except for earnings per share, which is in NTD |
|
2022 |
2021 |
| Operating revenues (Note 4) |
|
|
| Written premiums (Notes 31 and 38) |
$7,904,950 |
$7,458,400 |
| Reinsurance premiums (Note 38) |
429,483 |
410,919 |
| Premium revenues |
8,334,433 |
7,869,319 |
| Less: Reinsurance expenses (Note 38) |
(1,949,219) |
(1,795,111) |
| Less: Net change in unearned premium reserve |
(107,584) |
(178,244) |
| Retained earned premiums (Note 38) |
6,277,630 |
5,895,964 |
| Reinsurance commissions received (Note 38) |
301,006 |
293,692 |
| Service fee |
24,200 |
24,566 |
| Net investment gains |
|
|
| Interest income (Note 25) |
88,902 |
71,957 |
| Gains on financial assets or liabilities at fair value through profit and loss |
(22,794) |
99,207 |
| Realized gains/losses on financial assets at fair value through other comprehensive income (Note 8(1)) |
124,802 |
120,440 |
| Gain (loss) on exchange (Note 25) |
74,048 |
(18,833) |
| Gains (losses) on investment property (Note 25) |
53,256 |
52,144 |
| Expected credit impairment loss and reversal gain on investment |
(3,910) |
(2,373) |
| Total net investment gains |
314,304 |
322,542 |
| Other operating revenues |
14,113 |
|
| Other operating revenues - Others |
1,628 |
3,154 |
| Total operating revenues |
6,932,881 |
6,539,918 |
| Operating Cost |
|
|
| Retained claims and benefits (Notes 31 and 38) |
|
|
| Insurance claim and benefit payments |
4,009,053 |
3,994,404 |
| Less: Claims recovered from reinsurers |
(820,578) |
(933,702) |
| Total retained claims and benefits paid |
3,188,475 |
3,060,702 |
| Net change in other liabilities (Note 38) |
|
|
| Net change in claim reserves |
$244,033 |
$108,378 |
| Net change in special claim reserves |
76,213 |
53,991 |
| Net change in premium deficiency reserves |
430 |
(6,125) |
| Total net change in other liabilities |
320,676 |
156,244 |
| Commission expenses (Note 38) |
1,099,267 |
1,046,478 |
| Service charges (Note 38) |
129,912 |
133,317 |
| Other operating costs |
|
|
| Contribution to insurance stabilization fund (Note 38) |
15,095 |
14,298 |
| Interest expenses |
18 |
35 |
| Loss on exchange - non-investment (Note 25) |
- |
6,821 |
| Other operating costs - Others |
4 |
50 |
| Total other operating costs |
15,117 |
21,204 |
| Total operating costs |
4,753,447 |
4,417,945 |
| Gross profit |
2,179,434 |
2,121,973 |
| Operating expenses (Notes 25 and 31) |
|
|
| Selling expenses |
1,396,779 |
1,376,093 |
| Administrative expenses |
105,348 |
96,869 |
| Staff training expenses |
2,135 |
2,687 |
| Total operating expenses |
1,504,262 |
1,475,649 |
| Operating profit |
675,172 |
646,324 |
| Non-operating income and expenses |
|
|
| Asset retirement loss |
(142) |
(861) |
| Recovery of bad and overdue debts |
46 |
36 |
| Sundry income |
3 |
119 |
| Sundry expenses (Note 16) |
(145) |
(143) |
| Total non-operating income and expenses |
(238) |
(849) |
| Pre-tax profit from continuing operations |
674,934 |
645,475 |
| Income tax expenses (Notes 4 and 26) |
116,087 |
92,338 |
| Current net income |
558,847 |
553,137 |
| Other comprehensive income (Note 24) |
|
|
| Items not reclassified into profit and loss |
|
|
| Remeasurement of defined benefit plan (Notes 4 and 22) |
($59,642) |
($5,140) |
|
Amount |
Amount |
| Income tax on items not reclassified into profit and loss (Note 26) |
(11,929) |
1,028 |
| Gains/losses on valuation of equity instruments at fair value through other comprehensive income |
106,553 |
125,616 |
| Total items not reclassified into profit and loss |
154,266 |
121,504 |
| Items likely to be reclassified into profit and loss |
|
|
| Gains/losses on debt instruments at fair value through other comprehensive income |
(57,589) |
(59,900) |
| Other comprehensive income - current (net, after tax) |
96,677 |
61,604 |
| Total comprehensive income - current |
$655,524 |
$614,741 |
| Earnings per share (Note 27) |
|
|
| Basic |
$1.86 |
$1.84 |
| Diluted |
$1.85 |
$1.84 |
