Cathay Financial Holding Co., Ltd. (LUX: CATFH)

Cathay Financial Holding Income Statement

Financials in millions TWD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	497,668	479,642	429,480	595,781	671,353	690,161
Total Interest & Dividend Income	340,297	319,620	264,216	219,471	219,370	231,732
Gain (Loss) on Sale of Investments	144,739	23,543	-182,678	254,233	237,830	129,637
Other Revenue	25,479	19,702	-18,350	21,653	1,640	3,906
Total Revenue	1,008,183	842,507	492,668	1,091,137	1,130,192	1,055,436
Revenue Growth (YoY)	44.57%	71.01%	-54.85%	-3.46%	7.08%	26.43%
Policy Benefits	655,737	648,814	626,142	754,705	820,449	818,417
Depreciation & Amortization	8,885	8,636	7,544	7,398	7,358	7,098
Selling, General & Administrative	36,534	33,331	27,062	24,439	23,007	24,882
Total Operating Expenses	774,638	755,414	719,529	843,733	906,653	909,673
Operating Income	233,545	87,094	-226,862	247,404	223,539	145,763
Interest Expense	-67,619	-61,947	-24,357	-12,931	-17,320	-23,892
Currency Exchange Gain (Loss)	-29,026	32,732	301,167	-74,947	-126,717	-52,147
Other Non Operating Income (Expenses)	-28,555	858.35	-	-	-	-
EBT Excluding Unusual Items	108,344	58,737	49,948	159,526	79,502	69,724
Asset Writedown	-267.59	-267.59	-	-	2,114	833.56
Pretax Income	108,077	58,469	49,948	159,526	81,616	70,557
Income Tax Expense	14,605	6,955	11,986	18,637	5,658	6,698
Earnings From Continuing Ops.	93,472	51,514	37,962	140,889	75,958	63,859
Minority Interest in Earnings	-630.36	-584.95	-602.75	-1,375	-1,379	-1,102
Net Income	94,494	50,929	37,359	139,514	74,579	62,757
Preferred Dividends & Other Adjustments	3,404	3,391	3,391	3,391	3,391	2,668
Net Income to Common	91,090	47,538	33,968	136,123	71,189	60,089
Net Income Growth	121.21%	36.32%	-73.22%	87.07%	18.84%	21.94%
Shares Outstanding (Basic)	14,669	14,669	13,190	13,169	13,169	12,618
Shares Outstanding (Diluted)	14,669	14,669	13,190	13,169	13,169	12,618
Shares Change (YoY)	2.48%	11.22%	0.16%	-	4.37%	0.44%
EPS (Basic)	6.21	3.24	2.58	10.34	5.41	4.76
EPS (Diluted)	6.21	3.24	2.58	10.34	5.41	4.76
EPS Growth	126.03%	25.83%	-75.08%	91.21%	13.51%	20.70%
Free Cash Flow	37,740	-63,816	-30,435	69,787	193,815	168,398
Free Cash Flow Per Share	2.57	-4.35	-2.31	5.30	14.72	13.35
Dividend Per Share	2.000	2.000	0.900	3.500	2.500	-
Dividend Growth	122.22%	122.22%	-74.29%	40.00%	-	-
Operating Margin	23.16%	10.34%	-46.05%	22.67%	19.78%	13.81%
Profit Margin	9.04%	5.64%	6.89%	12.48%	6.30%	5.69%
Free Cash Flow Margin	3.74%	-7.57%	-6.18%	6.40%	17.15%	15.96%
EBITDA	239,310	93,018	-221,792	252,523	228,695	150,812
EBITDA Margin	23.74%	11.04%	-45.02%	23.14%	20.23%	14.29%
D&A For EBITDA	5,765	5,924	5,069	5,119	5,156	5,049
EBIT	233,545	87,094	-226,862	247,404	223,539	145,763
EBIT Margin	23.16%	10.34%	-46.05%	22.67%	19.78%	13.81%
Effective Tax Rate	13.51%	11.90%	24.00%	11.68%	6.93%	9.49%

Source: S&P Capital IQ. Insurance template. Financial Sources.