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

CTBC Financial Holding Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	139,339	131,400	129,986	144,210	168,231
Total Interest & Dividend Income	244,637	222,063	160,825	124,148	130,745
Gain (Loss) on Sale of Investments	12,304	47,297	-71,671	57,319	60,541
Other Revenue	57,641	24,769	63,770	57,968	64,834
Total Revenue	453,921	425,528	282,910	383,645	424,351
Revenue Growth (YoY)	6.67%	50.41%	-26.26%	-9.59%	-3.99%
Policy Benefits	172,732	163,147	186,084	176,230	200,915
Depreciation & Amortization	8,063	7,865	7,633	7,161	7,256
Selling, General & Administrative	26,006	26,036	19,377	22,291	17,618
Provision for Bad Debts	12,115	9,674	8,986	7,714	9,258
Other Operating Expenses	31,085	23,554	1,356	33,728	46,395
Reinsurance Income or Expense	-3,942	-3,429	-2,960	-2,608	-2,484
Total Operating Expenses	305,490	280,346	266,234	288,777	320,210
Operating Income	148,431	145,183	16,676	94,868	104,141
Interest Expense	-110,550	-88,320	-32,701	-14,691	-20,425
Currency Exchange Gain (Loss)	50,304	10,113	63,083	-18,136	-32,013
Other Non Operating Income (Expenses)	-	-	-	-	-0
EBT Excluding Unusual Items	88,185	66,975	47,058	62,041	51,703
Gain (Loss) on Sale of Assets	-41.63	-	-	-	-
Asset Writedown	-54.03	-40.88	-9.1	3.45	-125.75
Pretax Income	88,090	66,934	47,049	62,044	51,577
Income Tax Expense	14,726	9,360	14,436	8,046	8,722
Earnings From Continuing Ops.	73,364	57,574	32,613	53,998	42,855
Minority Interest in Earnings	-1,336	-1,493	-1,334	206.75	-1.75
Net Income	72,028	56,081	31,279	54,205	42,853
Preferred Dividends & Other Adjustments	1,070	1,070	1,070	1,070	989.33
Net Income to Common	70,958	55,011	30,209	53,135	41,864
Net Income Growth	28.43%	79.29%	-42.30%	26.49%	-0.06%
Shares Outstanding (Basic)	19,498	19,497	19,497	19,497	19,497
Shares Outstanding (Diluted)	19,568	19,528	19,499	19,497	19,497
Shares Change (YoY)	0.21%	0.15%	0.01%	-	-
EPS (Basic)	3.64	2.82	1.55	2.73	2.15
EPS (Diluted)	3.63	2.82	1.55	2.73	2.15
EPS Growth	28.72%	82.00%	-43.15%	26.92%	-0.63%
Free Cash Flow	-68,206	-19,445	92,456	-35,720	189,245
Free Cash Flow Per Share	-3.49	-1.00	4.74	-1.83	9.71
Dividend Per Share	-	1.800	1.000	1.250	1.050
Dividend Growth	-	80.00%	-20.00%	19.05%	5.00%
Operating Margin	32.70%	34.12%	5.89%	24.73%	24.54%
Profit Margin	15.63%	12.93%	10.68%	13.85%	9.87%
Free Cash Flow Margin	-15.03%	-4.57%	32.68%	-9.31%	44.60%
EBITDA	152,295	148,891	19,687	97,007	106,878
EBITDA Margin	33.55%	34.99%	6.96%	25.29%	25.19%
D&A For EBITDA	3,864	3,709	3,011	2,138	2,736
EBIT	148,431	145,183	16,676	94,868	104,141
EBIT Margin	32.70%	34.12%	5.89%	24.73%	24.54%
Effective Tax Rate	16.72%	13.98%	30.68%	12.97%	16.91%

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