Cathay Life recurring yield falls on cautious approachBy Kao Shih-ching / Staff reporterCathay Life Insurance Co (國泰人壽) yesterday reported a recurring yield of 3.29 percent as of the end of September, down from 3.8 percent a year earlier, as it takes a more cautious investment strategy amid the COVID-19 pandemic. Recurring yield is a financial measure that shows how much a company earns from its investment on a regular basis. Cathay Life registered recurring yields from a range between 3.47 and 3.8 percent during the January-to-September period over the past four years, company data showed. Cathay Life preferred investment targets with higher credit ratings to avoid risks and disposed of those with ratings lower than triple B, which also reduced its recurring yield by 6 basis points, Lin said. A lower interest rate environment was also responsible for the drop in its recurring yield, he said.

Source: Taipei Times November 16, 2020 15:56 UTC