EYEING DIVIDENDS: The insurer increased its combined investment in local and overseas equities to NT$637 billion by the end of the second quarter, up 21 percent

Taipei Times
Date: Aug 22, 2020
By: Kao Shih-ching / Staff reporter

Fubon Life Insurance (富邦人壽) increased its appetite for domestic and foreign stocks last quarter as it pursued higher profits and cash dividends in a global environment of low interest rates, the insurer said yesterday.

The insurer increased its combined investment in local and overseas equities to NT$637 billion (US$21.58 billion) as of the end of June, up 21 percent from NT$526 billion a quarter earlier, which could be attributed to an increase of NT$111 billion in local equities, the insurer told an investors’ conference.

The weight of stocks in its investment portfolio rose to 15.3 percent as of the end of June, up from 13.1 percent three months earlier, the insurer’s data showed.

Although domestic and foreign fixed-income assets continued to dominate the insurer’s portfolio with a weight of 68.6 percent, Fubon Life Insurance’s investment in fixed-income assets increased less than 1 percent to NT$2.85 trillion, from NT$2.83 trillion a quarter earlier, the data showed.    [FULL  STORY]