Cathay Financial Holding Income Statement

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
Premiums & Annuity Revenue	547,007	520,767	479,642	429,480	595,781	671,353
Total Interest & Dividend Income	353,322	341,793	319,183	264,216	219,471	219,370
Gain (Loss) on Sale of Investments	119,565	-109,771	23,385	-182,678	254,233	237,830
Other Revenue	18,688	17,631	41,868	-18,350	21,653	1,640
Total Revenue	1,038,581	770,420	864,078	492,668	1,091,137	1,130,192
Revenue Growth (YoY)	-4.28%	-10.84%	75.39%	-54.85%	-3.46%	7.08%
Policy Benefits	652,453	670,672	648,814	626,142	754,705	820,449
Depreciation & Amortization	8,563	8,262	7,940	7,544	7,398	7,358
Selling, General & Administrative	40,083	37,099	32,406	27,062	24,439	23,007
Total Operating Expenses	773,282	787,201	746,930	719,529	843,733	906,653
Operating Income	265,298	-16,782	117,148	-226,862	247,404	223,539
Interest Expense	-69,591	-67,424	-61,852	-24,357	-12,931	-17,320
Currency Exchange Gain (Loss)	-120,525	207,096	4,013	301,167	-74,947	-126,717
Other Non Operating Income (Expenses)	11,735	2,891	-	-	-	-
EBT Excluding Unusual Items	86,917	125,782	59,309	49,948	159,526	79,502
Gain (Loss) on Sale of Assets	1.74	1.74	-	-	-	-
Asset Writedown	1,059	1,059	-	-	-	2,114
Pretax Income	87,977	126,843	59,309	49,948	159,526	81,616
Income Tax Expense	5,205	16,626	6,738	11,986	18,637	5,658
Earnings From Continuing Ops.	82,772	110,217	52,571	37,962	140,889	75,958
Earnings From Discontinued Ops.	-	1,010	-1,057	-	-	-
Net Income to Company	82,772	111,227	51,514	37,962	140,889	75,958
Minority Interest in Earnings	-697.22	-957.17	-584.95	-602.75	-1,375	-1,379
Net Income	82,075	110,270	50,929	37,359	139,514	74,579
Preferred Dividends & Other Adjustments	3,596	3,404	3,391	3,391	3,391	3,391
Net Income to Common	78,479	106,865	47,538	33,968	136,123	71,189
Net Income Growth	-13.14%	116.52%	36.32%	-73.22%	87.07%	18.84%
Shares Outstanding (Basic)	14,669	14,669	14,669	13,190	13,169	13,169
Shares Outstanding (Diluted)	14,669	14,669	14,669	13,190	13,169	13,169
Shares Change (YoY)	-	-	11.22%	0.16%	-	4.37%
EPS (Basic)	5.35	7.29	3.24	2.58	10.34	5.41
EPS (Diluted)	5.35	7.29	3.24	2.58	10.34	5.41
EPS Growth	-13.84%	124.80%	25.83%	-75.09%	91.22%	13.51%
Free Cash Flow	80,063	-34,521	-63,816	-30,435	69,787	193,815
Free Cash Flow Per Share	5.46	-2.35	-4.35	-2.31	5.30	14.72
Dividend Per Share	3.500	3.500	2.000	0.900	3.500	2.500
Dividend Growth	75.00%	75.00%	122.22%	-74.29%	40.00%	-
Operating Margin	25.54%	-2.18%	13.56%	-46.05%	22.67%	19.78%
Profit Margin	7.56%	13.87%	5.50%	6.89%	12.47%	6.30%
Free Cash Flow Margin	7.71%	-4.48%	-7.38%	-6.18%	6.40%	17.15%
EBITDA	271,060	-11,111	123,072	-221,792	252,523	228,695
EBITDA Margin	26.10%	-1.44%	14.24%	-45.02%	23.14%	20.23%
D&A For EBITDA	5,761	5,670	5,924	5,069	5,119	5,156
EBIT	265,298	-16,782	117,148	-226,862	247,404	223,539
EBIT Margin	25.54%	-2.18%	13.56%	-46.05%	22.67%	19.78%
Effective Tax Rate	5.92%	13.11%	11.36%	24.00%	11.68%	6.93%

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