Shinkong Insurance Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 13, 2023 at 01:53 am
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Shinkong Insurance Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was TWD 5,276.9 million compared to TWD 4,872.71 million a year ago. Net income was TWD 995.64 million compared to TWD 563.57 million a year ago. Basic earnings per share from continuing operations was TWD 3.15 compared to TWD 1.78 a year ago.
For the nine months, revenue was TWD 15,030.86 million compared to TWD 14,122.23 million a year ago. Net income was TWD 2,166.71 million compared to TWD 1,511.38 million a year ago. Basic earnings per share from continuing operations was TWD 6.86 compared to TWD 4.78 a year ago.
SHINKONG INSURANCE CO., LTD. is a Taiwan-based company principally engaged in the provision of property insurance services. The Company operates its businesses through fire insurance, including housing fire insurance, housing earthquake insurance, commercial fire insurance, commercial earthquake insurance and others; transportation insurance, including cargo insurance, ship insurance, aviation insurance and others; automobile insurance, including automobile damages liability insurance and other insurances; engineering insurance, including boiler insurance, machine insurance, electronic equipment insurance and others, as well as liability insurance, accident insurance and health insurance. The Company operates its business mainly in Taiwan.