Fubon Financial Holding Co., Ltd. (TPE: 2881)

Fubon 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	381,525	373,039	384,483	477,472	593,063	637,822
Total Interest & Dividend Income	295,560	275,147	216,143	175,082	172,693	184,073
Gain (Loss) on Sale of Investments	163,808	57,330	-40,067	183,819	185,589	90,513
Other Revenue	-2,290	-3,425	6,513	13,536	-1,586	-9,122
Total Revenue	838,604	702,090	567,072	849,907	949,759	903,285
Revenue Growth (YoY)	24.57%	23.81%	-33.28%	-10.51%	5.15%	26.77%
Policy Benefits	446,545	434,359	556,820	560,297	661,347	705,990
Depreciation & Amortization	7,967	7,460	7,024	6,650	6,289	6,429
Selling, General & Administrative	28,773	25,448	19,104	17,833	17,174	19,258
Provision for Bad Debts	12,320	9,983	5,768	4,588	4,372	3,223
Other Operating Expenses	7,085	5,815	4,737	4,947	3,896	3,671
Total Operating Expenses	549,418	526,906	632,517	636,794	728,394	772,279
Operating Income	289,185	175,184	-65,444	213,113	221,365	131,006
Interest Expense	-121,436	-102,660	-49,438	-25,253	-33,072	-43,230
Currency Exchange Gain (Loss)	-35,322	1,919	175,846	-22,224	-85,190	-22,251
EBT Excluding Unusual Items	132,428	74,443	60,963	165,636	103,103	65,525
Asset Writedown	-46.19	0.78	-17.32	-46.62	25.06	-56.13
Pretax Income	132,382	74,444	60,946	165,589	103,128	65,468
Income Tax Expense	13,202	9,402	13,081	18,354	12,156	5,896
Earnings From Continuing Ops.	119,179	65,042	47,864	147,235	90,972	59,573
Minority Interest in Earnings	333.74	974.44	-938.87	-2,676	-699.23	-1,076
Net Income	119,513	66,017	46,926	144,559	90,272	58,497
Preferred Dividends & Other Adjustments	3,637	3,516	3,026	2,916	2,916	2,624
Net Income to Common	115,876	62,501	43,900	141,643	87,356	55,873
Net Income Growth	285.22%	40.68%	-67.54%	60.14%	54.32%	22.56%
Shares Outstanding (Basic)	13,666	13,666	13,666	13,130	13,031	13,031
Shares Outstanding (Diluted)	13,666	13,666	13,666	13,130	13,031	13,031
Shares Change (YoY)	-0.00%	-	4.08%	0.76%	-0.00%	-
EPS (Basic)	8.48	4.57	3.21	10.79	6.70	4.29
EPS (Diluted)	8.48	4.57	3.21	10.79	6.70	4.29
EPS Growth	321.24%	42.37%	-70.22%	60.92%	56.35%	20.80%
Free Cash Flow	12,962	-89,326	142,576	29,576	46,977	132,390
Free Cash Flow Per Share	0.95	-6.54	10.43	2.25	3.60	10.16
Dividend Per Share	2.381	2.381	1.361	3.023	2.356	1.571
Dividend Growth	75.01%	75.01%	-55.00%	28.33%	50.00%	0%
Operating Margin	34.48%	24.95%	-11.54%	25.07%	23.31%	14.50%
Profit Margin	13.82%	8.90%	7.74%	16.67%	9.20%	6.19%
Free Cash Flow Margin	1.55%	-12.72%	25.14%	3.48%	4.95%	14.66%
EBITDA	294,137	179,841	-61,188	217,136	225,139	134,784
EBITDA Margin	35.07%	25.61%	-10.79%	25.55%	23.70%	14.92%
D&A For EBITDA	4,952	4,656	4,256	4,023	3,773	3,778
EBIT	289,185	175,184	-65,444	213,113	221,365	131,006
EBIT Margin	34.48%	24.95%	-11.54%	25.07%	23.31%	14.50%
Effective Tax Rate	9.97%	12.63%	21.46%	11.08%	11.79%	9.01%

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