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Cathay Financial Holding Co (國泰金控), the nation’s largest financial conglomerate by assets, yesterday reported a net profit of NT$8.1 billion (US$287.72 million) for last month, up 73 percent year-on-year, bringing its third-quarter profit to NT$30.7 billion, up 22 percent. Among its subsidiaries, Cathay Life Insurance Co (國泰人壽) saw its net profit increase 22 percent annually to NT$22.6 billion during the July-to-September period, as it continued to invest despite high volatility in the financial markets amid the COVID-19 pandemic, central banks’ changing monetary policies, China Evergrande Group’s (恆大集團) debt crisis and rising inflationary pressure, it said. The life insurer expects total cash

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