Today's Information |
Provided by: Mercuries Life Insurance Co., Ltd. | |||||
SEQ_NO | 1 | Date of announcement | 2022/05/27 | Time of announcement | 15:18:10 |
Subject | Mercuries Life Embedded Value for 2021 | ||||
Date of events | 2022/05/27 | To which item it meets | paragraph 51 | ||
Statement |
1.Date of occurrence of the event:2022/05/27
2.Company name:Mercuries Life Insurance Co., Ltd
3.Relationship to the Company (please enter "head office" or
"subsidiaries"):head office
4.Reciprocal shareholding ratios:N/A
5.Cause of occurrence:
Conduct regarding the principles to be followed by life insurers
disclosing Embedded Value Results, published by the Life Insurance
Association of the Republic of China
6.Countermeasures:None
7.Any other matters that need to be specified:
Mercuries Life announced the embedded value (EV) calculated as at
December 31, 2021 (valuation date). Deloitte Consulting (Pacific) Limited,
Taiwan Branch, an independent actuarial institution, had been retained to
conduct the review of the actuarial assumptions, calculation process, and
results.
The EV of the company as at December 31, 2021 was NT$102.141 billion,
and the EV per share was NT$38.3, based on the 2.67 billion common shares
outstanding on December 31, 2021.
The EV results were calculated based on the investment return of
policies in-force as followed. For NTD-denominated policies, 3.20%~4.95%
were assumed, and for USD-denominated policies, 3.70%~5.50% were assumed.
The discount rate was assumed to be 9.5%. The current statutory minimum
risk capital requirement was considered.
Information reference URL:
https://www.mli.com.tw/sites/mliportal/investors/seminar-data |
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Disclaimer
Mercuries Life Insurance Co. Ltd. published this content on 27 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 May 2022 07:36:45 UTC.