Taiwan Fire & Marine Insurance Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 08, 2021
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Taiwan Fire & Marine Insurance Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported revenue was TWD 1,997.08 million compared to TWD 1,432.69 million a year ago. Net income was TWD 155.99 million compared to TWD 223.4 million a year ago. Basic earnings per share from continuing operations was TWD 0.43 compared to TWD 0.62 a year ago. Diluted earnings per share from continuing operations was TWD 0.43 compared to TWD 0.62 a year ago.
For the nine months, revenue was TWD 5,623.4 million compared to TWD 4,045.59 million a year ago. Net loss was TWD 108.75 million compared to net income of TWD 555.07 million a year ago. Basic loss per share from continuing operations was TWD 0.3 compared to basic earnings per share from continuing operations of TWD 1.53 a year ago. Diluted loss per share from continuing operations was TWD 0.3 compared to diluted earnings per share from continuing operations of TWD 1.53 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.