Taiwan Life Insurance to Change Accounting Policy from Fiscal Year 2026
Original: 代子公司台灣人壽公告自115年會計年度開始日後變動會計政策
Summary
CTBC Financial is announcing on behalf of its subsidiary Taiwan Life Insurance that the subsidiary will adopt a change in accounting policy effective from the start of fiscal year 2026 (Republic of China year 115). Such a policy change at a major insurance subsidiary typically signals adoption of a new accounting standard — most likely IFRS 17 (Insurance Contracts), which materially alters how insurance liabilities and profits are recognised and reported. Investors should monitor the expected restatement of comparative financials and any impact on reported equity and earnings. Full body available on MOPS.
Full Translation
On behalf of its subsidiary Taiwan Life Insurance Co., CTBC Financial Holding Co. (2891) announces that Taiwan Life Insurance will implement a change in accounting policy with effect from the commencement of fiscal year 115 of the Republic of China (i.e., 1 January 2026). The subject line reads: 'Announcement on behalf of subsidiary Taiwan Life Insurance of a change in accounting policy effective from the start of fiscal year 115.' In context, this disclosure most likely pertains to the mandatory adoption of IFRS 17 (Insurance Contracts) and/or related consequential amendments, which require insurers to measure insurance contract liabilities on a current-value basis rather than historical cost, and to disaggregate underwriting and financial returns — potentially producing significant changes in the timing and pattern of reported profit. [Body not available — subject line only. See MOPS for full announcement.]