Hontai’s capital adequacy rebounds: FSC
By Kao Shih-ching / Staff reporter
Hontai Life Insurance Co’s (宏泰人壽) capital adequacy has rebounded to meet the Financial Supervisory Commission’s (FSC) minimum requirements after it received a capital injection of NT$1.95 billion (US$68.34 million), the commission said on Thursday.
The insurer’s equity-to-asset ratio rose to 3.11 percent at the end of February, slightly above the commission’s 3 percent requirement and up from 2.86 percent at the end of December last year, the FSC told a news conference in New Taipei City.
Hontai Life’s risk-based capital (RBC) ratio, which the regulator uses to measure a life insurer’s financial strength, recovered to 207.87 percent at the end of February, above the 200 percent requirement, the commission added.