AppWorks, the Taipei-based venture capital firm focused on Taiwan and Southeast Asia, announced today it has closed its oversubscribed third fund, raising $150 million. AppWorks Fund III’s limited partners include Taiwan Mobile, Axiom Asia Private Capital, Fubon Life, TransGlobe Life, Hongtai Group, Wistron, Cathay Life, Phison Electronics and Taiwan’s National Development Fund. Many of these […]
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Cathay Life upbeat about recurring yield this year
By Kao Shih-ching / Staff reporter
Cathay Financial Holding Co’s (國泰金控) life insurance arm yesterday gave an upbeat outlook for its recurring yield and hedging costs for this year, while its banking arm aims to achieve high single-digit percentage growth in loans, the company told an investors’ conference yesterday.
The insurer arm, Cathay Life Insurance Co (國泰人壽), reported a recurring yield of 2.79 percent for last quarter, down from 3.11 percent a year earlier, while the ratio of its hedging costs fell from 1.69 percent a year earlier to 1.4 percent last quarter, it said.
Recurring yield is a financial gauge that shows how much the insurance company earns from its investment on a regular basis.
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