CTBC targets growth of insurance general assets

Taipei Times
Date: Mar 30, 2015
By: Amy Su  /  Staff reporter

CTBC Financial Holding Co (中信金控) aims to raise the general assets of its insurance business to NT$1 trillion (US$31.09 billion) in 2017 — a figure that would represent 25 percent of the financial holding firm’s total assets, a company executive said on Saturday.

The general assets of CTBC Financial’s insurance business — mainly CTBC Life Insurance Co Ltd (中國信託人壽) — now total about NT$350 billion, or 6 percent of the company’s total assets, according to the conglomerate, which has businesses in several areas including banking, insurance, securities, venture capital, asset management and lotteries.     [FULL  STORY]

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