Life Insurance Industry's Q1 Profit Reaches NT$96.4 Billion, Up 13% YoY; March Saw Loss Due to US-Iran Conflict
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Taiwan's life insurance industry recorded a profit of NT$96.4 billion in the first quarter of this year, a 13.5% year-on-year increase and a four-year high for the period. However, in March, the industry incurred a loss of NT$11.2 billion as capital market volatility, triggered by the US-Iran conflict, weakened investment portfolios.