News Non-Life09 Sep 2024

Taiwan:Cathay Century turns financial performance around in 2023

| 09 Sep 2024

Taiwan's second biggest non-life insurer Cathay Century Insurance Company has returned to the black, with a full-year net profit of NT$1.2bn ($37.5m) in 2023 from a net loss of NT$19.6bn in 2022 which was predominantly attributed to COVID-19 pandemic insurance claims, says AM Best.

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