Taiwan Stock Rally Drives Life Insurers to Record April Profit of NT$98.1 Billion, Net Worth Hits NT$3.3 Trillion
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The Financial Supervisory Commission (FSC) announced that, driven by a 22% surge in the Taiwan stock market in April, life insurers posted a record monthly pre-tax profit of NT$98.1 billion. The first four months' profit reached NT$194.5 billion, the second-highest for the period. Life insurers' net worth at the end of April also hit a record high of NT$3.3291 trillion. Non-life insurers' pre-tax profit for the first four months was NT$20.8 billion.