CTBC 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	150,181	139,339	131,400	129,986	144,210	168,231
Total Interest & Dividend Income	250,972	244,637	222,063	160,825	124,148	130,745
Gain (Loss) on Sale of Investments	43,162	12,304	47,297	-71,671	57,319	60,541
Other Revenue	86,090	57,641	24,769	63,770	57,968	64,834
Total Revenue	530,405	453,921	425,528	282,910	383,645	424,351
Revenue Growth (YoY)	5.14%	6.67%	50.41%	-26.26%	-9.59%	-3.99%
Policy Benefits	167,701	172,732	163,147	186,084	176,230	200,915
Depreciation & Amortization	8,164	8,063	7,865	7,633	7,161	7,256
Selling, General & Administrative	28,328	26,006	26,036	19,377	22,291	17,618
Provision for Bad Debts	12,536	12,115	9,674	8,986	7,714	9,258
Other Operating Expenses	32,054	31,085	23,554	1,356	33,728	46,395
Reinsurance Income or Expense	-3,942	-3,942	-3,429	-2,960	-2,608	-2,484
Total Operating Expenses	306,455	305,490	280,346	266,234	288,777	320,210
Operating Income	223,950	148,431	145,183	16,676	94,868	104,141
Interest Expense	-106,866	-110,550	-88,320	-32,701	-14,691	-20,425
Currency Exchange Gain (Loss)	-30,256	50,304	10,113	63,083	-18,136	-32,013
Other Non Operating Income (Expenses)	-	-	-	-	-	-0
EBT Excluding Unusual Items	86,828	88,185	66,975	47,058	62,041	51,703
Gain (Loss) on Sale of Assets	-41.63	-41.63	-	-	-	-
Asset Writedown	-37.89	-54.03	-40.88	-9.1	3.45	-125.75
Pretax Income	86,748	88,090	66,934	47,049	62,044	51,577
Income Tax Expense	10,954	14,726	9,360	14,436	8,046	8,722
Earnings From Continuing Ops.	75,794	73,364	57,574	32,613	53,998	42,855
Minority Interest in Earnings	-1,656	-1,336	-1,493	-1,334	206.75	-1.75
Net Income	74,138	72,028	56,081	31,279	54,205	42,853
Preferred Dividends & Other Adjustments	1,073	1,070	1,070	1,070	1,070	989.33
Net Income to Common	73,065	70,958	55,011	30,209	53,135	41,864
Net Income Growth	12.09%	28.43%	79.29%	-42.30%	26.49%	-0.06%
Shares Outstanding (Basic)	19,500	19,498	19,497	19,497	19,497	19,497
Shares Outstanding (Diluted)	19,590	19,568	19,528	19,499	19,497	19,497
Shares Change (YoY)	0.16%	0.21%	0.15%	0.01%	-	-
EPS (Basic)	3.75	3.64	2.82	1.55	2.73	2.15
EPS (Diluted)	3.74	3.63	2.82	1.55	2.73	2.15
EPS Growth	12.30%	28.72%	82.00%	-43.15%	26.92%	-0.63%
Free Cash Flow	21,411	-68,206	-19,445	92,456	-35,720	189,245
Free Cash Flow Per Share	1.09	-3.49	-1.00	4.74	-1.83	9.71
Dividend Per Share	2.300	2.300	1.800	1.000	1.250	1.050
Dividend Growth	27.80%	27.80%	80.00%	-20.00%	19.05%	5.00%
Operating Margin	42.22%	32.70%	34.12%	5.89%	24.73%	24.54%
Profit Margin	13.78%	15.63%	12.93%	10.68%	13.85%	9.87%
Free Cash Flow Margin	4.04%	-15.03%	-4.57%	32.68%	-9.31%	44.60%
EBITDA	228,348	152,295	148,891	19,687	97,007	106,878
EBITDA Margin	43.05%	33.55%	34.99%	6.96%	25.29%	25.19%
D&A For EBITDA	4,397	3,864	3,709	3,011	2,138	2,736
EBIT	223,950	148,431	145,183	16,676	94,868	104,141
EBIT Margin	42.22%	32.70%	34.12%	5.89%	24.73%	24.54%
Effective Tax Rate	12.63%	16.72%	13.98%	30.68%	12.97%	16.91%

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.