Central Reinsurance Corporation (TPE:2851)

Central Reinsurance 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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	19,945	20,029	20,114	18,729	18,991	16,425
Total Interest & Dividend Income	1,127	1,054	888.11	576.73	403.78	479.26
Gain (Loss) on Sale of Investments	1,201	322.25	766.07	177.12	1,046	868.73
Other Revenue	147.58	176.64	196.44	289.63	352.2	365.63
Total Revenue	22,420	21,582	21,965	19,772	20,793	18,139
Revenue Growth (YoY)	-1.98%	-1.74%	11.09%	-4.91%	14.63%	11.24%
Policy Benefits	12,464	13,553	12,979	15,575	11,844	10,656
Policy Acquisition & Underwriting Costs	6,035	5,768	5,799	5,221	5,588	4,811
Selling, General & Administrative	506.48	507.87	682.25	491.3	493.51	403.49
Provision for Bad Debts	0	0.02	0.01	0.01	-	-0.01
Other Operating Expenses	104.18	47.46	24.14	27.12	41.74	-10.31
Total Operating Expenses	19,110	19,877	19,484	21,314	17,968	15,860
Operating Income	3,310	1,705	2,480	-1,542	2,825	2,279
Interest Expense	-0.01	-0.02	-0.03	-0.02	-0.02	-0.01
Currency Exchange Gain (Loss)	-908.58	1,251	9.28	1,543	-369.16	-511.23
Other Non Operating Income (Expenses)	9.12	8.51	5.17	7.85	0.18	2.32
EBT Excluding Unusual Items	2,411	2,965	2,495	8.5	2,456	1,770
Gain (Loss) on Sale of Assets	-	-	-	14.88	15.05	18.76
Pretax Income	2,411	2,965	2,495	23.38	2,471	1,789
Income Tax Expense	398.78	449.57	404.84	-229.89	406.07	272.91
Net Income	2,012	2,515	2,090	253.27	2,065	1,516
Net Income to Common	2,012	2,515	2,090	253.27	2,065	1,516
Net Income Growth	-24.16%	20.35%	725.17%	-87.73%	36.24%	37.28%
Shares Outstanding (Basic)	801	800	800	617	590	590
Shares Outstanding (Diluted)	801	800	800	617	590	590
Shares Change (YoY)	0.23%	-	29.75%	4.48%	-	-
EPS (Basic)	2.51	3.14	2.61	0.41	3.50	2.57
EPS (Diluted)	2.51	3.14	2.61	0.41	3.50	2.57
EPS Growth	-24.34%	20.35%	535.96%	-88.26%	36.24%	37.28%
Free Cash Flow	1,628	-1,735	-7,355	2,110	3,165	2,978
Free Cash Flow Per Share	2.03	-2.17	-9.19	3.42	5.36	5.04
Dividend Per Share	1.900	1.900	1.400	-	1.800	1.300
Dividend Growth	35.71%	35.71%	-	-	38.46%	44.44%
Operating Margin	14.77%	7.90%	11.29%	-7.80%	13.59%	12.56%
Profit Margin	8.97%	11.65%	9.52%	1.28%	9.93%	8.36%
Free Cash Flow Margin	7.26%	-8.04%	-33.48%	10.67%	15.22%	16.42%
EBITDA	3,338	1,732	2,508	-1,521	2,838	2,291
EBITDA Margin	14.89%	8.02%	11.42%	-7.69%	13.65%	12.63%
D&A For EBITDA	27.21	26.62	27.45	21.65	12.65	12.51
EBIT	3,310	1,705	2,480	-1,542	2,825	2,279
EBIT Margin	14.77%	7.90%	11.29%	-7.80%	13.59%	12.56%
Effective Tax Rate	16.54%	15.16%	16.23%	-	16.43%	15.26%
Revenue as Reported	21,523	22,887	21,978	21,338	20,441	17,657

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.