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Taiwan Fire & Marine Insurance Company - Organization Chart

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Operation Reports

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OVERVIEW

Delivering TFMI's Value to Investors and Shareholders

In 2022, the Company’s total operating revenue was NT$6.0 billion, operating cost NT$3.9 billion, operating expense NT$1.3 billion, with income tax expense of NT$178 million, we have reached net profit for the year of NT$850 million before tax and NT$672 million after tax; EPS before tax of NT$2.35 and EPS after tax of NT$1.86. I would like to thank the shareholders for your long-standing support and the entire staff for their hard work.

In 2022, TFMI proactively improve the customer service level, via improving our management and servicing systems and acquired six (6) patents for our system upgrades. We utilized our channel strength and continuously integrate diversified products to expand into niche markets. With that in mind, we are the first to develop rental property compensation insurance. As a result, the direct premium written of TFMI was NT$7.4 billion for the year. Although a yoy decrease of 15.33%, this is mainly due to discontinuation of the Covid related insurance products, after taken out the effect of those product lines, the yoy growth rate for direct premium and retained section are 9.17%. TFMI continue to rank No. 1 in the residential fire insurance business line for the whole year. S&P and Taiwan Ratings continued to award us with the credit ratings, “A-/Stable” and “twAA,” respectively, both outlook Stable.

In 2022, premium income of nonlife insurance market exhibited growth of

6.60%

In Terms of Corporate Social Responsibility, We Cooperate with the Authorities to Promote Policy-based Insurance.

In 2022, TFMI once again been awarded “1st Place” in the Residential Earthquake Insurance Excellence Awards conferred by the authorities. We have been rated as outstanding financial institution for our performance ranked first 25% companies in the nonlife insurance industry in the fair dealing evaluation scheme organized by the FSC. With the resources provided by TFMI Foundation, we are committed to care for the disadvantaged and the solitary seniors, improve the medical environment, promote special-needs education for children with disabilities, advocating campus anti-drug campaign for youths, arts and culture, and grassroots sports activities.

Continues to Improve Professionalism and Strengthen Core Competitiveness

For 2023, as the Russia-Ukraine War continuing to affect food and energy supplies, the global climate change and the international epidemic also posed adverse impact to the world; the inflation remains high, financial conditions in most regions tightened and the global economy affected. Whereas in Taiwan, following the complete easing of epidemic control measures and the recovery of international tourism, private consumption has continued to expand, thus helping the promotion of related insurance lines. The authorities continue to promote digital finance and insurance technology, and electronic policy format to reduce operating costs with emphasis on environmental continuity; and most importantly, insurance market rate and market discipline monitoring will prevent unhealthy business competition for our industry’s stabilization.

With prudent operating and customer-oriented business philosophy, TFMI conducts business with sustainable development goals in mind, offer fair and friendly services to the clients, care for the public interests and our staff members. We continue to practice corporate governance, risk managing and full compliance to the laws and regulations. On the insurance front, we continue to expand quality business, deepen strategic alliance channels, optimize digital portals, develop diversified products, and improve customer service quality; on the investment side, we strive to revitalize assets and adopt diversified investments to enrich profits. All level of staff works to achieve outstanding performance.


Corporate Governance/Board of Directors

Item File
Directors’Profile 檔案下載圖示

Financial Information

  • Monthly Sales Report 2023Monthly Sales Report 2023 (43.2KB)

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  • Monthly Sales Report 2022Monthly Sales Report 2022 (45.3KB)

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  • Monthly Sales Report 2021Monthly Sales Report 2021 (42.4KB)

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  • Monthly Sales Report 2020Monthly Sales Report 2020 (51.3KB)

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  • Monthly Sales Report 2019Monthly Sales Report 2019 (53.3KB)

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  • Monthly Sales Report 2018Monthly Sales Report 2018 (36.9KB)

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