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

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Disclaimer

Central Reinsurance Corporation published this content on 10 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 August 2022 11:29:09 UTC.