Shinkong Insurance Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 28, 2023
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Shinkong Insurance Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was TWD 5,059.24 million compared to TWD 4,575.34 million a year ago. Net income was TWD 717.99 million compared to TWD 380.54 million a year ago. Basic earnings per share from continuing operations was TWD 2.28 compared to TWD 1.2 a year ago.
For the six months, revenue was TWD 9,753.96 million compared to TWD 9,249.51 million a year ago. Net income was TWD 1,171.06 million compared to TWD 947.81 million a year ago. Basic earnings per share from continuing operations was TWD 3.71 compared to TWD 3 a year ago.
SHINKONG INSURANCE CO., LTD. is a Taiwan-based company principally engaged in the provision of property insurance services. The Company operates its businesses through fire insurance, including housing fire insurance, housing earthquake insurance, commercial fire insurance, commercial earthquake insurance and others; transportation insurance, including cargo insurance, ship insurance, aviation insurance and others; automobile insurance, including automobile damages liability insurance and other insurances; engineering insurance, including boiler insurance, machine insurance, electronic equipment insurance and others, as well as liability insurance, accident insurance and health insurance. The Company operates its business mainly in Taiwan.