The First Insurance Balance Sheet

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

Millions TWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Investments in Debt Securities	4,334	3,751	3,207	2,746	2,541	2,250
Investments in Equity & Preferred Securities	2,677	2,723	2,400	2,277	2,277	2,458
Other Investments	3,945	4,186	4,870	5,365	4,325	2,752
Total Investments	13,963	13,175	13,377	12,548	11,362	10,298
Cash & Equivalents	2,131	2,294	1,387	1,335	1,665	1,775
Reinsurance Recoverable	267.59	650.75	417.26	228.83	256.98	306.37
Other Receivables	505.67	312.5	262.82	241.5	359.39	350.26
Property, Plant & Equipment	603.76	615.07	628.55	663.5	673.06	665.96
Other Intangible Assets	16.96	21.14	33.31	39.76	42.89	44.11
Other Current Assets	543.14	522.69	544.99	543.86	601.87	684.56
Long-Term Deferred Tax Assets	17.38	13.29	22.52	26.17	43.99	51.62
Other Long-Term Assets	2,266	2,103	2,576	2,026	1,856	1,850
Total Assets	20,314	19,707	19,249	17,654	16,861	16,026
Accounts Payable	12.61	10.81	37.91	7.69	6.01	5.82
Accrued Expenses	284.09	340.65	259.75	258.19	259.83	232.45
Insurance & Annuity Liabilities	10.67	9.83	-	1.02	0.59	6.71
Unpaid Claims	5,556	5,508	5,750	5,025	4,580	4,414
Unearned Premiums	4,732	4,498	4,425	4,146	4,011	3,820
Reinsurance Payable	420.71	283.7	313.06	309.25	300.6	343.5
Current Portion of Leases	1.75	1.82	2.88	2.98	3.25	2.27
Current Income Taxes Payable	79.59	87.82	72.22	49.81	51.26	1.01
Long-Term Leases	1.45	1.17	0.89	2.15	1.48	2.17
Long-Term Deferred Tax Liabilities	92.93	99.59	92.93	108.29	92.93	92.93
Other Current Liabilities	183.39	94.98	71.62	67.84	92.02	91.7
Other Long-Term Liabilities	62.32	71.52	59.15	59.63	66.96	107.38
Total Liabilities	11,440	11,010	11,121	10,091	9,590	9,264
Common Stock	3,012	3,012	3,012	3,012	3,012	3,012
Retained Earnings	5,576	5,452	4,759	4,265	4,087	3,458
Comprehensive Income & Other	285.97	232.63	357.14	285.95	173.06	292.33
Shareholders' Equity	8,874	8,696	8,128	7,563	7,271	6,762
Total Liabilities & Equity	20,314	19,707	19,249	17,654	16,861	16,026
Filing Date Shares Outstanding	301.16	301.16	301.16	301.16	301.16	301.16
Total Common Shares Outstanding	301.16	301.16	301.16	301.16	301.16	301.16
Total Debt	3.2	2.98	3.77	5.13	4.73	4.45
Net Cash (Debt)	2,128	2,291	1,383	1,330	1,661	1,771
Net Cash Growth	15.71%	65.60%	4.00%	-19.90%	-6.23%	-4.58%
Net Cash Per Share	7.06	7.60	4.59	4.41	5.51	5.88
Book Value Per Share	29.47	28.88	26.99	25.11	24.14	22.45
Tangible Book Value	8,857	8,675	8,094	7,523	7,229	6,718
Tangible Book Value Per Share	29.41	28.81	26.88	24.98	24.00	22.31
Land	435.34	435.34	436.21	449.67	450.07	450.07
Buildings	320.92	320.78	339.88	359.07	360.53	358.53
Machinery	62.57	60.19	61.74	76.88	64.13	42.64

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