Central News Agency (CNA) The Financial Supervisory Commission (FSC) announced today that the insurance industry's profits for the first five months of this year reached NT$272.5 billion. Life insurers accumulated NT$246.3 billion in profits, while non-life insurers earned NT$26.2 billion, both setting new records for the same period in history. Furthermore, as of the end of May, the net worth of life insurers stood at NT$3.9103 trillion, boosted by the rise in capital markets, with a monthly increase of NT$581.2 billion, marking new highs for both figures. The FSC released the operational overview of the insurance industry for the first five months today, with overall profits reaching NT$272.5 billion, a record high for the period. Chen Ching-yuan, deputy director of the FSC's Insurance Bureau, stated that life insurers' profits as of the end of May were NT$246.3 billion, primarily driven by NT$90.5 billion from insurance service results and NT$188.3 billion from financial results, with other operating results showing a deficit of NT$33.6 billion. Non-life insurers' pre-tax profits for the first five months were NT$26.2 billion, mainly from NT$18.4 billion in insurance service results and NT$11.6 billion in financial results, with other operating results at a deficit of NT$4.2 billion. The Insurance Bureau explained that life insurers' profits in May were NT$51.8 billion. Coupled with the rise in the Taiwan stock market in May, this boosted the other comprehensive income portion for life insurers, driving their net worth to NT$3.9103 trillion by the end of May, an increase of NT$581.2 billion from the previous month, both reaching historic highs. Regarding hedging, the Insurance Bureau reported that the New Taiwan Dollar appreciated by 0.84% cumulatively in May. If no hedging measures were taken, life insurers would have incurred NT$45.1 billion in foreign exchange losses in May. However, the derivative products used by insurers, such as hedging tools, generated NT