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(From Taiwan Economic News)
Taipei, July 10, 2006 (CENS)--Thanks to the booming performance of the domestic stock market and the securitization of real estate in Taiwan, 28 life insurance companies scored a total of NT$13.8 billion (US$424.61 million at US$1:NT$32.5) in pretax earnings in the first quarter of this year, hitting a historic high
Of the 28 firms, half made profits and half encountered losses in the first quarter. The top-three most profitable life insurance companies, in descending order, were Shin Kong Life Insurance Co., Cathay Life Insurance Co., and MassMutual Mercuries Life Insurance Co
Many life insurance companies invested in the …