The First Insurance Ratios and Metrics

Market cap in millions TWD. Fiscal year is January - December.

Millions TWD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 27, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	7,740	8,357	7,529	5,587	4,758	4,412
Market Cap Growth	-5.17%	11.00%	34.77%	17.41%	7.85%	10.15%
Enterprise Value	5,658	6,230	5,690	3,994	2,937	2,641
PE Ratio	8.80	9.49	8.34	8.78	8.52	7.98
PS Ratio	1.02	1.10	0.97	0.76	0.70	0.67
PB Ratio	0.85	0.91	0.87	0.69	0.63	0.61
P/FCF Ratio	17.73	19.14	6.03	19.65	98.64	289.66
P/OCF Ratio	16.53	17.85	5.98	18.81	74.59	102.30
EV/Sales Ratio	0.74	0.82	0.73	0.54	0.43	0.40
EV/EBITDA Ratio	4.90	5.40	5.28	5.13	4.76	3.78
EV/EBIT Ratio	5.01	5.52	5.42	5.33	5.00	3.93
EV/FCF Ratio	12.96	14.27	4.56	14.05	60.88	173.39
Debt / Equity Ratio	0	0	0	0	0.00	0.00
Debt / EBITDA Ratio	0.00	0.00	0.00	0.00	0.01	0.01
Debt / FCF Ratio	0.01	0.01	0.00	0.01	0.11	0.31
Net Debt / Equity Ratio	-0.23	-0.23	-0.26	-0.17	-0.18	-0.23
Net Debt / EBITDA Ratio	-1.81	-1.81	-2.13	-1.78	-2.15	-2.38
Net Debt / FCF Ratio	-4.77	-4.77	-1.83	-4.86	-27.57	-109.02
Quick Ratio	0.41	0.41	0.39	0.31	0.27	0.34
Current Ratio	0.67	0.67	0.69	0.64	0.35	0.44
Asset Turnover	0.38	0.38	0.40	0.40	0.40	0.40
Return on Equity (ROE)	9.86%	9.86%	10.74%	8.11%	7.54%	7.88%
Return on Assets (ROA)	3.53%	3.53%	3.37%	2.54%	2.13%	2.55%
Return on Invested Capital (ROIC)	10.21%	10.31%	10.45%	8.05%	6.55%	8.20%
Earnings Yield	11.37%	10.53%	12.00%	11.39%	11.74%	12.54%
FCF Yield	5.64%	5.22%	16.59%	5.09%	1.01%	0.34%
Dividend Yield	6.42%	5.98%	9.07%	6.90%	5.39%	10.59%
Payout Ratio	71.85%	71.85%	37.67%	34.08%	65.21%	19.06%
Buyback Yield / Dilution	-0.06%	-0.06%	-0.00%	0.01%	-0.02%	-0.02%
Total Shareholder Return	6.36%	5.92%	9.07%	6.91%	5.38%	10.56%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.