In the first half of the year, both stocks and debts fell, and the financial holding company’s unrealized losses in domestic and foreign investment accounts reached 827.8 billion yuan, which was the worst half year in the history of financial holding investment. As the Federal Reserve continues to hawk, the capital market is still volatile. If the losses of Financial Holdings continue to expand in the second half of the year, its profit performance may affect its ability to distribute dividends in the next year (2023). It is worth paying attention to the depositors who love financial stocks. .
Since the beginning of this year, there have been the Russian-Ukrainian war, inflation and the wave of interest rate hikes by global central banks.10-year yieldIt rose above 3%, impacting the stock and bond market, especially the life insurance financial holding financial holdings, which were severely hit because of their huge investment positions. Unrealized losses of more than 100 billion yuan occurred, which made the overall parent financial holdings overseas investment positions have a huge evaluation. loss.
Looking at the semi-annual report of Financial Holdings, the net worth of the life insurance duo has evaporated in the first half of the year. Among them, Cathay Life Insurance has dropped by 426.4 billion yuan, and its net value has dropped to 315.6 billion yuan; while Fubon Life Insurance has decreased by 292.6 billion yuan in the first half of the year. dropped to 316.9 billion yuan.
The latest hawkish remarks by Fed officials resurfaced, stating that the Fed will raise interest rates by another 6 yards, that is, interest rates may have to rise to “slightly higher” 4% early next year, and hinted that there will be no interest rate cuts next year, and continuous interest rate hikes will cause bonds. The evaluation fell. The US raised interest rates by 6 yards in the first half of the year, and the net worth of the overall life insurance industry in Taiwan lost 1.47 trillion yuan.
According to the semi-annual reports of various financial holdings, other interests under the net worth of some financial holdings have fallen sharply, or even turned negative. It may be difficult to distribute cash dividends if the capital adequacy ratio is to be maintained. For example, worrying about “deposit stock change into bones”, the legal person said that once the loss continues to expand, if by the end of this year, other equity losses under the net value of financial holdings, financial holdings will need to set aside the same amount of special surplus reserve, fearing that It will affect the dividend distribution, so it is best to avoid life insurance financial holdings in the short term.
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