CTBC Financial Holding Income Statement

Financials in millions TWD. Fiscal year is January - December.

Millions TWD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Premiums & Annuity Revenue	158,856	139,339	131,400	129,986	144,210
Total Interest & Dividend Income	253,717	244,637	222,063	160,825	124,148
Gain (Loss) on Sale of Investments	67,531	12,304	47,297	-71,671	57,319
Other Revenue	86,238	57,641	24,769	63,770	57,968
Total Revenue	566,342	453,921	425,528	282,910	383,645
Revenue Growth (YoY)	24.77%	6.67%	50.41%	-26.26%	-9.59%
Policy Benefits	174,970	172,732	163,147	186,084	176,230
Depreciation & Amortization	8,242	8,063	7,865	7,633	7,161
Selling, General & Administrative	35,931	26,006	26,036	19,377	22,291
Provision for Bad Debts	13,318	12,115	9,674	8,986	7,714
Other Operating Expenses	32,108	31,085	23,554	1,356	33,728
Reinsurance Income or Expense	-4,426	-3,942	-3,429	-2,960	-2,608
Total Operating Expenses	327,740	305,490	280,346	266,234	288,777
Operating Income	238,602	148,431	145,183	16,676	94,868
Interest Expense	-104,858	-110,550	-88,320	-32,701	-14,691
Currency Exchange Gain (Loss)	-41,849	50,304	10,113	63,083	-18,136
EBT Excluding Unusual Items	91,894	88,185	66,975	47,058	62,041
Gain (Loss) on Sale of Assets	-	-41.63	-	-	-
Asset Writedown	326.21	-54.03	-40.88	-9.1	3.45
Pretax Income	92,220	88,090	66,934	47,049	62,044
Income Tax Expense	9,891	14,726	9,360	14,436	8,046
Earnings From Continuing Ops.	82,329	73,364	57,574	32,613	53,998
Minority Interest in Earnings	-1,710	-1,336	-1,493	-1,334	206.75
Net Income	80,619	72,028	56,081	31,279	54,205
Preferred Dividends & Other Adjustments	-	1,070	1,070	1,070	1,070
Net Income to Common	80,619	70,958	55,011	30,209	53,135
Net Income Growth	11.93%	28.43%	79.29%	-42.30%	26.49%
Shares Outstanding (Basic)	19,760	19,498	19,497	19,497	19,497
Shares Outstanding (Diluted)	19,857	19,568	19,528	19,499	19,497
Shares Change (YoY)	1.48%	0.21%	0.15%	0.01%	-
EPS (Basic)	4.08	3.64	2.82	1.55	2.73
EPS (Diluted)	4.06	3.63	2.82	1.55	2.73
EPS Growth	11.85%	28.72%	82.00%	-43.15%	26.92%
Free Cash Flow	1,822	-68,206	-19,445	92,456	-35,720
Free Cash Flow Per Share	0.09	-3.49	-1.00	4.74	-1.83
Dividend Per Share	-	2.300	1.800	1.000	1.250
Dividend Growth	-	27.80%	80.00%	-20.00%	19.05%
Operating Margin	42.13%	32.70%	34.12%	5.89%	24.73%
Profit Margin	14.24%	15.63%	12.93%	10.68%	13.85%
Free Cash Flow Margin	0.32%	-15.03%	-4.57%	32.68%	-9.31%
EBITDA	248,611	152,295	148,891	19,687	97,007
EBITDA Margin	43.90%	33.55%	34.99%	6.96%	25.29%
D&A For EBITDA	10,010	3,864	3,709	3,011	2,138
EBIT	238,602	148,431	145,183	16,676	94,868
EBIT Margin	42.13%	32.70%	34.12%	5.89%	24.73%
Effective Tax Rate	10.73%	16.72%	13.98%	30.68%	12.97%

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