Farglory Life Insurance 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	57,399	55,840	53,195	55,068	69,571	77,081
Total Interest & Dividend Income	20,029	19,797	18,317	19,131	19,838	16,430
Gain (Loss) on Sale of Investments	13,303	-15,899	-83.08	-22,188	13,221	14,673
Other Revenue	-71.82	-10.67	76.93	87.83	64.4	34.5
Total Revenue	90,660	59,727	71,505	52,098	102,694	108,218
Revenue Growth (YoY)	29.79%	-16.47%	37.25%	-49.27%	-5.10%	4.59%
Policy Benefits	55,454	66,351	64,037	65,903	76,871	83,458
Policy Acquisition & Underwriting Costs	5,742	5,163	4,519	4,600	4,860	5,339
Selling, General & Administrative	2,389	2,269	2,336	2,540	2,535	2,408
Provision for Bad Debts	-38.32	39.5	-0.26	19.12	15.62	1.26
Other Operating Expenses	173.5	273.31	104.32	100.37	146.03	180.23
Total Operating Expenses	63,720	74,095	70,996	73,162	84,428	91,386
Operating Income	26,940	-14,368	509.27	-21,063	18,266	16,832
Interest Expense	-4.42	-4.7	-5.27	-5.32	-6.58	-4.65
Currency Exchange Gain (Loss)	-23,597	19,204	1,673	27,707	-10,020	-12,945
Other Non Operating Income (Expenses)	18.8	39.67	29.52	18.45	46.45	48.37
EBT Excluding Unusual Items	3,358	4,871	2,207	6,657	8,286	3,931
Pretax Income	3,358	4,871	2,207	6,657	8,286	3,931
Income Tax Expense	-454.58	-652.06	0.24	590.2	1,821	694.36
Net Income	3,812	5,523	2,206	6,067	6,465	3,237
Net Income to Common	3,812	5,523	2,206	6,067	6,465	3,237
Net Income Growth	-48.83%	150.33%	-63.63%	-6.16%	99.72%	60.53%
Shares Outstanding (Basic)	1,450	1,450	1,450	1,450	1,450	1,450
Shares Outstanding (Diluted)	1,452	1,453	1,452	1,456	1,456	1,454
Shares Change (YoY)	-0.08%	0.02%	-0.22%	-0.04%	0.12%	0.29%
EPS (Basic)	2.63	3.81	1.52	4.18	4.46	2.23
EPS (Diluted)	2.63	3.80	1.52	4.17	4.44	2.23
EPS Growth	-48.73%	150.03%	-63.53%	-6.02%	99.23%	60.49%
Free Cash Flow	42,954	14,749	11,815	19,034	42,360	38,436
Free Cash Flow Per Share	29.59	10.15	8.13	13.08	29.09	26.43
Dividend Per Share	0.374	0.374	-	-	0.857	-
Operating Margin	29.72%	-24.06%	0.71%	-40.43%	17.79%	15.55%
Profit Margin	4.21%	9.25%	3.09%	11.64%	6.30%	2.99%
Free Cash Flow Margin	47.38%	24.70%	16.52%	36.54%	41.25%	35.52%
EBITDA	27,267	-14,045	901.91	-20,665	18,662	17,202
EBITDA Margin	30.08%	-23.52%	1.26%	-39.67%	18.17%	15.90%
D&A For EBITDA	327.44	323.49	392.63	397.86	396.54	369.55
EBIT	26,940	-14,368	509.27	-21,063	18,266	16,832
EBIT Margin	29.72%	-24.06%	0.71%	-40.43%	17.79%	15.55%
Effective Tax Rate	-	-	0.01%	8.87%	21.98%	17.66%

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