Taiwan Fire & Marine Insurance Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 11, 2020 at 12:13 pm EST
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Taiwan Fire & Marine Insurance Co., Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced operating income was TWD 239.768 million compared to TWD 248.695 million a year ago. Net income was TWD 223.397 million compared to TWD 222.052 million a year ago. Basic earnings per share was TWD 0.62 compared to TWD 0.61 a year ago. For the nine months, operating income was TWD 613.500 million compared to TWD 685.852 million a year ago. Net income was TWD 555.070 million compared to TWD 578.501 million a year ago. Basic earnings per share was TWD 1.53 compared to TWD 1.6 a year ago. Diluted earnings per share was TWD 1.53 compared to TWD 1.59 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.