Central Reinsurance To announce the reason for the loss of three months ended June 30, 2022
· Issued by Central Reinsurance Corporation
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Today's Information
Provided by: Central Reinsurance Corporation
SEQ_NO
6
Date of announcement
2022/08/10
Time of announcement
19:14:24
Subject
To announce the reason for the loss of three
months ended June 30, 2022
Date of events
2022/08/10
To which item it meets
paragraph 51
Statement
1.Date of occurrence of the event:2022/08/10
2.Company name:Central Reinsurance Corporation
3.Relationship to the Company (please enter "head office" or
"subsidiaries"):head office
4.Reciprocal shareholding ratios:NA
5.Cause of occurrence:Central Reinsurance Corporation loss in second Quarter,
2022 was mainly due to IBNR loss reserves of NT$ 3.6 billion for the epidemic
prevention products.
6.Countermeasures:Central Reinsurance Corporation will prudently estimate the
IBNR loss reserves based on the level of reinsurance claim, so as taking into
account both company's financial structure and the reinsured's interest
7.Any other matters that need to be specified:None
