The First Insurance Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 08, 2022
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The First Insurance Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported revenue was TWD 1,850.73 million compared to TWD 1,752.83 million a year ago. Net income was TWD 247.23 million compared to TWD 283.52 million a year ago. Basic earnings per share from continuing operations was TWD 0.82 compared to TWD 0.94 a year ago. Diluted earnings per share from continuing operations was TWD 0.82 compared to TWD 0.94 a year ago.
For the nine months, revenue was TWD 5,260.15 million compared to TWD 4,879.4 million a year ago. Net income was TWD 533.09 million compared to TWD 467.95 million a year ago. Basic earnings per share from continuing operations was TWD 1.77 compared to TWD 1.55 a year ago. Diluted earnings per share from continuing operations was TWD 1.77 compared to TWD 1.55 a year ago.
First Insurance Co Ltd is a Taiwan-based company principally engaged in the sale of property insurance, as well as the related businesses. The main services and products include fire insurance, marine insurance, automobile insurance, engineering insurance, liability insurance, guarantee insurance, credit insurance, aviation insurance, accident insurance, health insurance, other insurance, such as the cash insurance, theft insurance, bank comprehensive insurance and others. The Company is also engaged in the provision of reinsurance services. The Company mainly operates in Taiwan.