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May 27, 2017

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Mercuries Life reports 57.2% net Annual income increase for 2013

TAIPEI, Taiwan -- Mercuries Life Insurance (三商美邦人壽) yesterday held its shareholders' meeting and announced that its net income for 2013 totaled NT$2.45 billion, a year-on-year increase of 57.2 percent, and that its earnings per share reached NT$1.99, an increase of 50 percent from the previous year.

Furthermore, annual revenue from first-year premiums reached NT$53.9 billion in 2013, representing a 20-percent increase year-on-year, the insurer said.

Mercuries Life Insurance added that in recent years, it has taken a careful but open approach in its continuing evaluation of opportunities in mainland China and Southeast Asia. High-level executives confirmed that the insurer is in the process of seeking strategic partners, but declined to reveal the list of candidates.

Meanwhile, Liu Chung-hsing (劉中興) and Chen Hsiang-chieh (陳翔玠) were yesterday both re-elected as chairman and vice chairman, respectively, for additional three-year terms.

During the shareholders' meeting, Liu said that Mercuries Life Insurance recorded nine consecutive years of solid profitability in 2013, and that the insurer has received high praise from various sectors.

Last year, the insurer was recognized for its corporate social responsibility efforts and given an award by the Taiwan Institute for Sustainable Energy (台灣永續能源研究基金會). The insurer garnered further recognition in the same year from the Taipei City Government's Department of Labor for its efforts in creating an employee-friendly workplace.

These examples reaffirm Mercuries Life Insurance's commitment to sustainable management as well as the importance it attaches to its employees, Liu explained.

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