During 2007, the Company’s revenue income amounted to NTD 9.99 billion. Operational expenditures totaled NTD 8.28 billion. Net profit for the period was NTD 985 million, an increase of 41.73% compared with 2006. Earnings per share was NTD 3.39 before tax and NTD 3.16 after tax, an increase of 41.07%.

　　As a result of substantial drop in new car sales and stringent loan policy introduced by financial institutions, premium income from both lines of business dropped sharply. Marine cargo grew notably. Overall market premium written dropped by 1.34%, a meaningful improvement nevertheless from the negative growth of 4.34% for 2006. TFMI achieved a growth rate of 4.11%, attributable to an improved portfolio structure and effective marketing strategies. The Company registered a total premium written of NTD 4.6 billion. Personal lines continued to perform well, with residential fire and accident grew respectively by 29.58% and 57.59%, outstripping the market average growth of 14.62% and 8.03% respectively. Compared with market decrease of 4.58%, the Company’s commercial fire premium grew by 22.27%. Despite the China Airline incident at the airport of Naha, Okinawa, the Company had been able to maintain an overall profitability for 2007.

　　TFMI maintains proper capital and special reserves as required under “Regulations for Minimum Capital Requirement of Insurance Companies” and “Directives for Reserves of Insurance Companies”. In anticipation of the introduction of health insurance and the third phase of tariff deregulation, the Company has formed a Health Insurance Working Unit and a Tariff Deregulation Working Unit for necessary preparations.

　　As evidenced by our strong financial position and quality performance, the Company was upgraded in July 2007 to BBB+ by Standard & Poor’s. The Company was also accredited ‘twAA’- by Taiwan Ratings.