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 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	388,481	384,749	373,039	384,483	477,472	593,063
Total Interest & Dividend Income	315,017	304,048	275,147	216,143	175,082	172,693
Gain (Loss) on Sale of Investments	112,807	60,506	57,330	-40,067	183,819	185,589
Other Revenue	-1,892	-637.12	-3,425	6,513	13,536	-1,586
Total Revenue	814,412	748,665	702,090	567,072	849,907	949,759
Revenue Growth (YoY)	21.68%	6.63%	23.81%	-33.28%	-10.51%	5.15%
Policy Benefits	473,609	477,398	434,359	556,820	560,297	661,347
Depreciation & Amortization	8,113	8,024	7,460	7,024	6,650	6,289
Selling, General & Administrative	29,397	29,507	25,448	19,104	17,833	17,174
Provision for Bad Debts	12,482	12,927	9,983	5,768	4,588	4,372
Other Operating Expenses	7,564	7,328	5,815	4,737	4,947	3,896
Total Operating Expenses	581,306	584,219	526,906	632,517	636,794	728,394
Operating Income	233,106	164,446	175,184	-65,444	213,113	221,365
Interest Expense	-124,025	-123,620	-102,660	-49,438	-25,253	-33,072
Currency Exchange Gain (Loss)	79,828	131,537	1,919	175,846	-22,224	-85,190
EBT Excluding Unusual Items	188,909	172,364	74,443	60,963	165,636	103,103
Asset Writedown	-12.76	-55.87	0.78	-17.32	-46.62	25.06
Pretax Income	188,896	172,308	74,444	60,946	165,589	103,128
Income Tax Expense	27,369	21,447	9,402	13,081	18,354	12,156
Earnings From Continuing Ops.	161,527	150,861	65,042	47,864	147,235	90,972
Minority Interest in Earnings	-56.77	-40.9	974.44	-938.87	-2,676	-699.23
Net Income	161,470	150,820	66,017	46,926	144,559	90,272
Preferred Dividends & Other Adjustments	3,637	3,637	3,516	3,026	2,916	2,916
Net Income to Common	157,834	147,184	62,501	43,900	141,643	87,356
Net Income Growth	95.86%	128.46%	40.68%	-67.54%	60.14%	54.32%
Shares Outstanding (Basic)	13,666	13,666	13,666	13,666	13,130	13,031
Shares Outstanding (Diluted)	13,666	13,666	13,666	13,666	13,130	13,031
Shares Change (YoY)	-	-	-	4.08%	0.76%	-
EPS (Basic)	11.55	10.77	4.57	3.21	10.79	6.70
EPS (Diluted)	11.55	10.77	4.57	3.21	10.79	6.70
EPS Growth	99.98%	135.49%	42.37%	-70.22%	60.92%	56.35%
Free Cash Flow	143,957	72,714	-89,326	142,576	29,576	46,977
Free Cash Flow Per Share	10.53	5.32	-6.54	10.43	2.25	3.60
Dividend Per Share	-	-	2.381	1.361	3.023	2.356
Dividend Growth	-	-	75.01%	-55.00%	28.33%	50.00%
Operating Margin	28.62%	21.96%	24.95%	-11.54%	25.07%	23.31%
Profit Margin	19.38%	19.66%	8.90%	7.74%	16.67%	9.20%
Free Cash Flow Margin	17.68%	9.71%	-12.72%	25.14%	3.48%	4.95%
EBITDA	238,356	169,589	179,841	-61,188	217,136	225,139
EBITDA Margin	29.27%	22.65%	25.61%	-10.79%	25.55%	23.71%
D&A For EBITDA	5,250	5,143	4,656	4,256	4,023	3,773
EBIT	233,106	164,446	175,184	-65,444	213,113	221,365
EBIT Margin	28.62%	21.96%	24.95%	-11.54%	25.07%	23.31%
Effective Tax Rate	14.49%	12.45%	12.63%	21.46%	11.08%	11.79%

Updated Mar 17, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.