Taiwan Fire & Marine Insurance Co., Ltd. (TPE:2832)

TPE:2832 Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	6,220	6,149	5,898	5,383	6,790	4,697
Total Interest & Dividend Income	396.18	387.82	305.45	238.05	188.43	293.02
Gain (Loss) on Sale of Investments	216.51	219	172.58	33.09	220.73	169.25
Other Revenue	433.11	465.54	389.05	279.48	318.12	271.96
Total Revenue	7,266	7,222	6,765	5,933	7,518	5,431
Revenue Growth (YoY)	5.18%	6.75%	14.02%	-21.08%	38.42%	3.89%
Policy Benefits	3,342	3,348	3,041	2,880	4,379	2,449
Policy Acquisition & Underwriting Costs	1,093	1,062	1,033	941.15	1,344	860.44
Selling, General & Administrative	1,322	1,309	1,460	1,370	1,284	1,255
Provision for Bad Debts	12.52	-1.87	12.32	-20.18	34.01	8.97
Other Operating Expenses	242.87	240.52	41.16	39.24	52.96	52.33
Total Operating Expenses	6,013	5,958	5,587	5,211	7,093	4,626
Operating Income	1,253	1,264	1,178	722.27	424.51	805.45
Interest Expense	-1.44	-1.53	-1.82	-1.38	-1.62	-
Currency Exchange Gain (Loss)	71.99	116.59	2.17	128.4	-17.22	-35.05
Other Non Operating Income (Expenses)	-6.31	0.08	-0.39	-0.04	-2.24	2.54
EBT Excluding Unusual Items	1,318	1,379	1,178	849.25	403.44	772.94
Gain (Loss) on Sale of Assets	0.13	0.13	-	1.18	-	-
Pretax Income	1,318	1,379	1,178	850.42	403.44	772.94
Income Tax Expense	215.37	216.9	199.99	178.46	30.23	85.34
Net Income	1,102	1,162	978.27	671.96	373.21	687.6
Net Income to Common	1,102	1,162	978.27	671.96	373.21	687.6
Net Income Growth	-3.01%	18.82%	45.58%	80.05%	-45.72%	-2.21%
Shares Outstanding (Basic)	362	362	362	362	362	362
Shares Outstanding (Diluted)	364	364	364	363	363	363
Shares Change (YoY)	0.01%	0.03%	0.05%	0.12%	-0.14%	0.01%
EPS (Basic)	3.04	3.21	2.70	1.86	1.03	1.90
EPS (Diluted)	3.04	3.20	2.69	1.85	1.03	1.89
EPS Growth	-2.56%	18.96%	45.41%	79.61%	-45.50%	-2.07%
Free Cash Flow	177.27	1,132	670.76	-800.94	891.4	524.22
Free Cash Flow Per Share	0.49	3.11	1.84	-2.20	2.46	1.44
Dividend Per Share	2.000	2.000	1.300	1.000	0.750	1.100
Dividend Growth	53.85%	53.85%	30.00%	33.33%	-31.82%	10.00%
Operating Margin	17.25%	17.50%	17.42%	12.17%	5.65%	14.83%
Profit Margin	15.17%	16.10%	14.46%	11.33%	4.96%	12.66%
Free Cash Flow Margin	2.44%	15.67%	9.92%	-13.50%	11.86%	9.65%
EBITDA	1,281	1,294	1,210	750.93	451.88	833.53
EBITDA Margin	17.63%	17.92%	17.88%	12.66%	6.01%	15.35%
D&A For EBITDA	27.76	30.26	31.34	28.66	27.37	28.08
EBIT	1,253	1,264	1,178	722.27	424.51	805.45
EBIT Margin	17.25%	17.50%	17.42%	12.17%	5.65%	14.83%
Effective Tax Rate	16.34%	15.73%	16.97%	20.98%	7.49%	11.04%

Updated Mar 10, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.