CTBC Financial Holding Co., Ltd. (TPE: 2891)

CTBC 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	142,113	131,400	129,986	144,210	168,231	212,525
Total Interest & Dividend Income	240,988	222,063	160,825	124,148	130,745	142,530
Gain (Loss) on Sale of Investments	76,616	47,297	-71,671	57,319	60,541	52,412
Other Revenue	44,230	24,699	63,770	57,968	64,834	34,506
Total Revenue	503,948	425,459	282,910	383,645	424,351	441,973
Revenue Growth (YoY)	21.79%	50.39%	-26.26%	-9.59%	-3.99%	3.52%
Policy Benefits	173,880	163,147	186,084	176,230	200,915	247,254
Depreciation & Amortization	8,011	7,865	7,633	7,161	7,256	6,931
Selling, General & Administrative	26,473	26,036	19,377	22,291	17,618	20,787
Provision for Bad Debts	12,847	9,674	8,986	7,714	9,258	5,641
Other Operating Expenses	31,199	23,554	1,356	33,728	46,395	26,767
Reinsurance Income or Expense	-3,811	-3,429	-2,960	-2,608	-2,484	-2,113
Total Operating Expenses	307,615	280,346	266,234	288,777	320,210	346,324
Operating Income	196,332	145,113	16,676	94,868	104,141	95,648
Interest Expense	-108,269	-88,320	-32,701	-14,691	-20,425	-31,023
Currency Exchange Gain (Loss)	-6,846	10,113	63,083	-18,136	-32,013	-12,811
Other Non Operating Income (Expenses)	-	-	-	-	-0	-
EBT Excluding Unusual Items	81,218	66,906	47,058	62,041	51,703	51,814
Asset Writedown	-23.97	-40.88	-9.1	3.45	-125.75	-5.4
Other Unusual Items	69.62	69.62	-	-	-	-
Pretax Income	81,720	66,934	47,049	62,044	51,577	51,809
Income Tax Expense	14,386	9,360	14,436	8,046	8,722	8,927
Earnings From Continuing Ops.	67,334	57,574	32,613	53,998	42,855	42,882
Minority Interest in Earnings	-1,190	-1,493	-1,334	206.75	-1.75	-2.47
Net Income	66,144	56,081	31,279	54,205	42,853	42,880
Preferred Dividends & Other Adjustments	1,070	1,070	1,070	1,070	989.33	749.99
Net Income to Common	65,074	55,011	30,209	53,135	41,864	42,130
Net Income Growth	38.73%	79.29%	-42.29%	26.49%	-0.06%	19.00%
Shares Outstanding (Basic)	19,498	19,497	19,497	19,497	19,497	19,497
Shares Outstanding (Diluted)	19,559	19,528	19,499	19,497	19,497	19,497
Shares Change (YoY)	0.21%	0.15%	0.01%	-	-	0.04%
EPS (Basic)	3.34	2.82	1.55	2.73	2.15	2.16
EPS (Diluted)	3.33	2.82	1.55	2.73	2.15	2.16
EPS Growth	39.90%	82.00%	-43.15%	26.92%	-0.63%	16.92%
Free Cash Flow	83,780	-19,475	92,456	-35,720	189,245	-50,400
Free Cash Flow Per Share	4.28	-1.00	4.74	-1.83	9.71	-2.59
Dividend Per Share	-	-	1.000	1.250	1.050	1.000
Dividend Growth	-	-	-20.00%	19.05%	5.00%	0%
Operating Margin	38.96%	34.11%	5.89%	24.73%	24.54%	21.64%
Profit Margin	12.91%	12.93%	10.68%	13.85%	9.87%	9.53%
Free Cash Flow Margin	16.62%	-4.58%	32.68%	-9.31%	44.60%	-11.40%
EBITDA	199,717	148,443	19,687	97,007	106,878	98,317
EBITDA Margin	39.63%	34.89%	6.96%	25.29%	25.19%	22.25%
D&A For EBITDA	3,384	3,330	3,011	2,138	2,736	2,669
EBIT	196,332	145,113	16,676	94,868	104,141	95,648
EBIT Margin	38.96%	34.11%	5.89%	24.73%	24.54%	21.64%
Effective Tax Rate	17.60%	13.98%	30.68%	12.97%	16.91%	17.23%

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