Farglory Life Insurance Co., Ltd. (TPEX: 5859)

Farglory Life Insurance 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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	54,749	53,195	55,068	69,571	77,081	81,512
Total Interest & Dividend Income	19,126	18,366	19,131	19,838	16,430	16,894
Gain (Loss) on Sale of Investments	-8,743	-83.08	-22,188	13,221	14,673	5,023
Other Revenue	76.87	76.93	87.83	64.4	34.5	45.14
Total Revenue	65,208	71,554	52,098	102,694	108,218	103,474
Revenue Growth (YoY)	13.82%	37.34%	-49.27%	-5.10%	4.59%	49.87%
Policy Benefits	65,684	64,037	65,903	76,871	83,458	85,120
Policy Acquisition & Underwriting Costs	4,762	4,519	4,600	4,860	5,339	6,584
Selling, General & Administrative	2,304	2,260	2,540	2,535	2,408	2,312
Provision for Bad Debts	4.27	-0.26	19.12	15.62	1.26	0
Other Operating Expenses	299.75	262.32	100.37	146.03	180.23	215.47
Total Operating Expenses	73,055	71,078	73,162	84,428	91,386	94,233
Operating Income	-7,847	476.19	-21,063	18,266	16,832	9,241
Interest Expense	-5.63	-5.27	-5.32	-6.58	-4.65	-3.65
Currency Exchange Gain (Loss)	14,534	1,673	27,707	-10,020	-12,945	-6,411
Other Non Operating Income (Expenses)	32.36	29.49	18.45	46.45	48.37	62.47
EBT Excluding Unusual Items	6,714	2,173	6,657	8,286	3,931	2,889
Gain (Loss) on Sale of Assets	33.09	33.09	-	-	-	8.53
Asset Writedown	0.03	0.03	-	-	-	-
Pretax Income	6,748	2,207	6,657	8,286	3,931	2,898
Income Tax Expense	-90.68	0.24	590.2	1,821	694.36	881.3
Net Income	6,838	2,206	6,067	6,465	3,237	2,016
Net Income to Common	6,838	2,206	6,067	6,465	3,237	2,016
Net Income Growth	-	-63.63%	-6.16%	99.72%	60.53%	214.29%
Shares Outstanding (Basic)	1,255	1,255	1,255	1,255	1,255	1,255
Shares Outstanding (Diluted)	1,258	1,257	1,260	1,260	1,259	1,255
Shares Change (YoY)	0.21%	-0.20%	-0.04%	0.12%	0.29%	-0.16%
EPS (Basic)	5.45	1.76	4.83	5.15	2.58	1.61
EPS (Diluted)	5.44	1.76	4.82	5.13	2.57	1.60
EPS Growth	-	-63.53%	-6.02%	99.23%	60.49%	213.76%
Free Cash Flow	10,939	11,772	19,034	42,360	38,436	21,260
Free Cash Flow Per Share	8.70	9.37	15.11	33.61	30.54	16.94
Dividend Per Share	-	-	-	0.990	-	-
Operating Margin	-12.03%	0.67%	-40.43%	17.79%	15.55%	8.93%
Profit Margin	10.49%	3.08%	11.65%	6.30%	2.99%	1.95%
Free Cash Flow Margin	16.78%	16.45%	36.54%	41.25%	35.52%	20.55%
EBITDA	-7,492	868.82	-20,665	18,662	17,202	9,606
EBITDA Margin	-11.49%	1.21%	-39.67%	18.17%	15.90%	9.28%
D&A For EBITDA	354.41	392.63	397.86	396.54	369.55	365.6
EBIT	-7,847	476.19	-21,063	18,266	16,832	9,241
EBIT Margin	-12.03%	0.67%	-40.43%	17.79%	15.55%	8.93%
Effective Tax Rate	-	0.01%	8.87%	21.98%	17.66%	30.41%
Revenue as Reported	6,522	-	-	-	-	-

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