News Coronavirus watch09 Feb 2023

Taiwan:Fubon Insurance expected to return to profitability after one-off COVID loss event

| 09 Feb 2023

Fubon Insurance has reported a significant net loss of NT$40bn ($1.3bn) for the fiscal year ended 31 December 2022 (FY2022), compared with a net profit of NT$6.9bn in FY2021. The loss arises largely from COVID-19-related business.

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