Fubon Life sees premium income to hit NT$200 bln in 2009
Published: 26 Oct 2009 20:24:20 PST
Oct. 27, 2009 (China Knowledge) - Taiwan-based Fubon Life Assurance Co Ltd, which recently merged with ING Antai Life Insurance Co, predicted that its premium income may reach NT$200 billion this year, sources reported, citing General Manager Cheng Pen-yuan as saying. The issuer said earlier this year that its premium income were expected to hit NT$125 billion this year, and later in June, it raised the forecast to NT$170 billion. Fubon Life recorded NT$56.7 billion in income from first-year premiums between January and April, sources said. The new company was the island's second-largest insurer after Cathay Life Insurance Co, with 3 million policyholders, said Chairman Richard Tsai. Fubon Life, a subsidiary of Fubon Financial Holding Co Ltd, saw its fee income reach NT$282.07 billion in 2008. Copyright © 2009 www.chinaknowledge.com |
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