Taiwan Stock Rally Lifts Six Major Life Insurers’ April Profit Above NT$60 Billion
Taiwanese life insurers hold large portfolios of local equities and other financial assets, making stock-market swings a direct driver of investment valuations, capital gains and net worth. A strong rebound in Taiwan shares in April, when the benchmark index reached a record high, put the profitability and capital levels of six major life insurers, including Fubon Life and Nan Shan Life, in the spotlight.
The latest data showed that the six insurers posted combined after-tax profit of NT$60.154 billion in April, while cumulative profit for the first four months grew 2.16-fold from a year earlier. Fubon Life and Nan Shan Life delivered the strongest performances. Across the broader life insurance industry, April profit reached NT$98.1 billion and net worth exceeded NT$3.32 trillion, both record highs.
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The history behind this eventTaiwan Life Insurers Post Best First-Quarter Profit in Nearly Four Years
Taiwan’s life insurance industry adopted the IFRS 17 insurance accounting standard in 2026. Profit recognition, previously more heavily influenced by investment gains and losses, is now supported by insurance service results and the gradual release of the contractual service margin, or CSM. First-quarter results reflect not only financial-market performance but also the stability of insurers’ core earnings under the new standard.
The Financial Supervisory Commission said life insurers posted first-quarter 2026 pretax net profit of NT$96.4 billion, the highest for the period in nearly four years. However, the industry swung to a monthly pretax net loss of NT$11.2 billion in March as tensions in the Middle East disrupted financial markets. Despite the volatility, core insurance earnings supported by CSM releases remained steady following the adoption of IFRS 17.
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