Taiwan Fire & Marine Insurance Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 25, 2022
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Taiwan Fire & Marine Insurance Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported revenue was TWD 1,508.02 million compared to TWD 1,886.54 million a year ago. Net income was TWD 293.09 million compared to net loss of TWD 243.58 million a year ago. Basic earnings per share was TWD 0.81 compared to basic loss per share of TWD 0.67 a year ago. Diluted earnings per share was TWD 0.81 compared to diluted loss per share of TWD 0.67 a year ago.
For the six months, revenue was TWD 3,008.74 million compared to TWD 3,626.32 million a year ago. Net income was TWD 366.06 million compared to net loss of TWD 264.74 million a year ago. Basic earnings per share was TWD 1.01 compared to basic loss per share of TWD 0.73 a year ago. Diluted earnings per share was TWD 1.01 compared to diluted loss per share of TWD 0.73 a year ago.
Taiwan Fire & Marine Insurance Co., Ltd. is principally engaged in direct insurance and reinsurance services. The Company provides direct insurance services, including fire insurance, cargo transportation insurance, hull insurance, fishing boat insurance, aviation insurance, automobile insurance, cash insurance, credit and bond insurance, liability insurance, civil responsibility insurance, injury insurance, residential earthquake insurance, health insurance, commercial fire insurance, residential fire insurance and other property insurances, as well as reinsurance services. The Company operates its businesses principally in Taiwan.