Shin Kong Financial Holding Co (新光金控) might consider raising fresh capital to boost the financial strength of its life insurance arm, the company told an online investors’ conference in Taipei on Thursday.
Eyeing an annual NT$30 billion (US$1.08 billion) contractual service margin, Shin Kong Life Insurance Co (新光人壽) aims to maintain a risk-based capital ratio greater than 200 percent, and the insurer would therefore need fresh funds to expand its assets and scale up its business, Shin Kong Financial spokesman Stan Lee (李超儒) said.
“We do not see an urgent need to inject capital immediately, but we might do so later this
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