[TCFH] Announcement on behalf of subsidiary Taiwan Cooperative Life Insurance Co., Ltd. regarding the impact on shareholders' equity due to the first-time adoption of IFRS 17
TCFH announced that its subsidiary, Taiwan Cooperative Life Insurance, will see an increase of approximately NTD 3.2 billion in shareholders' equity as of Jan 1, 2026, due to the adoption of IFRS 17.
📋 Article Processing Timeline
- 📰 Published: April 22, 2026 at 09:00
- 🔍 Collected: April 23, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: April 23, 2026 at 12:33 (4h 32m after Collected)
1. Date of occurrence: 2026/04/22
2. Company name: Taiwan Cooperative Life Insurance Co., Ltd.
3. Relationship to the Company (please enter head office or subsidiary): Subsidiary
4. Reciprocal shareholding ratios: 51%
5. Cause of occurrence: The impact on shareholders' equity of subsidiary Taiwan Cooperative Life Insurance due to the first-time adoption of International Financial Reporting Standard No. 17 (IFRS 17).
6. Countermeasures: None
7. Any other matters that need to be specified (if the subject of the event or resolution is a public company or above, and this material information also meets the matters that have a material impact on shareholders' equity or securities prices under Article 7, Paragraph 9 of the Securities and Exchange Act Enforcement Rules):
Taiwan Cooperative Life Insurance will apply IFRS 17 starting from the year 2026. Following the retrospective application of IFRS 17, the cessation of the overlay approach, and the re-designation of the accounting classification of financial assets in conjunction with the application of IFRS 17, shareholders' equity as of January 1, 2026, will increase by approximately NTD 3.2 billion.
2. Company name: Taiwan Cooperative Life Insurance Co., Ltd.
3. Relationship to the Company (please enter head office or subsidiary): Subsidiary
4. Reciprocal shareholding ratios: 51%
5. Cause of occurrence: The impact on shareholders' equity of subsidiary Taiwan Cooperative Life Insurance due to the first-time adoption of International Financial Reporting Standard No. 17 (IFRS 17).
6. Countermeasures: None
7. Any other matters that need to be specified (if the subject of the event or resolution is a public company or above, and this material information also meets the matters that have a material impact on shareholders' equity or securities prices under Article 7, Paragraph 9 of the Securities and Exchange Act Enforcement Rules):
Taiwan Cooperative Life Insurance will apply IFRS 17 starting from the year 2026. Following the retrospective application of IFRS 17, the cessation of the overlay approach, and the re-designation of the accounting classification of financial assets in conjunction with the application of IFRS 17, shareholders' equity as of January 1, 2026, will increase by approximately NTD 3.2 billion.