Taiwan Fire & Marine Insurance Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 07, 2022 at 04:51 am IST
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Taiwan Fire & Marine Insurance Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported revenue was TWD 1,500.71 million compared to TWD 1,739.79 million a year ago. Net income was TWD 72.97 million compared to net loss of TWD 21.16 million a year ago. Basic earnings per share was TWD 0.2 compared to basic loss per share of TWD 0.06 a year ago. Diluted earnings per share was TWD 0.2 compared to diluted loss per share of TWD 0.06 a year ago.
Taiwan Fire & Marine Insurance Co Ltd is a Taiwan-based company mainly engaged in direct signing business and reinsurance business. Direct signing business includes fire insurance, cargo transportation insurance, hull insurance, fishing boat insurance, aviation insurance, automobile insurance, cash insurance, credit guarantee insurance, liability insurance, engineering insurance, injury insurance, health insurance, and other property insurance. Reinsurance business includes domestic and overseas branch businesses of various insurance companies. The Company mainly operates business in Taiwan, and its products are mainly sold in the Taiwan, Penghu, Kinmen and Matsu regions.