Farglory Life Insurance 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	56,898	55,840	53,195	55,068	69,571
Total Interest & Dividend Income	22,333	21,560	18,317	19,131	19,838
Gain (Loss) on Sale of Investments	15,746	-15,899	-83.08	-22,188	13,221
Other Revenue	202.75	-10.67	76.93	87.83	64.4
Total Revenue	95,180	61,490	71,505	52,098	102,694
Revenue Growth (YoY)	54.79%	-14.01%	37.25%	-49.27%	-5.10%
Policy Benefits	55,048	66,351	64,037	65,903	76,871
Policy Acquisition & Underwriting Costs	6,219	5,170	4,519	4,600	4,860
Selling, General & Administrative	2,405	2,435	2,336	2,540	2,535
Provision for Bad Debts	-68.31	39.5	-0.26	19.12	15.62
Other Operating Expenses	303.45	99.69	104.32	100.37	146.03
Total Operating Expenses	63,907	74,095	70,996	73,162	84,428
Operating Income	31,273	-12,605	509.27	-21,063	18,266
Interest Expense	-4.8	-4.7	-5.27	-5.32	-6.58
Currency Exchange Gain (Loss)	-27,238	19,204	1,673	27,707	-10,020
Other Non Operating Income (Expenses)	9.64	39.67	29.52	18.45	46.45
EBT Excluding Unusual Items	4,039	6,634	2,207	6,657	8,286
Pretax Income	4,039	6,634	2,207	6,657	8,286
Income Tax Expense	-589.65	-582.67	0.24	590.2	1,821
Net Income	4,629	7,217	2,206	6,067	6,465
Net Income to Common	4,629	7,217	2,206	6,067	6,465
Net Income Growth	-35.86%	227.09%	-63.63%	-6.16%	99.72%
Shares Outstanding (Basic)	1,450	1,450	1,450	1,450	1,450
Shares Outstanding (Diluted)	1,451	1,453	1,452	1,456	1,456
Shares Change (YoY)	-0.08%	0.01%	-0.22%	-0.04%	0.12%
EPS (Basic)	3.19	4.98	1.52	4.18	4.46
EPS (Diluted)	3.19	4.97	1.52	4.17	4.44
EPS Growth	-35.82%	226.69%	-63.53%	-6.02%	99.23%
Free Cash Flow	39,032	14,749	11,815	19,034	42,360
Free Cash Flow Per Share	26.89	10.15	8.13	13.08	29.09
Dividend Per Share	-	0.400	-	-	0.857
Operating Margin	32.86%	-20.50%	0.71%	-40.43%	17.79%
Profit Margin	4.86%	11.74%	3.09%	11.64%	6.30%
Free Cash Flow Margin	41.01%	23.99%	16.52%	36.54%	41.25%
EBITDA	31,411	-12,475	901.91	-20,665	18,662
EBITDA Margin	33.00%	-20.29%	1.26%	-39.67%	18.17%
D&A For EBITDA	138.55	129.9	392.63	397.86	396.54
EBIT	31,273	-12,605	509.27	-21,063	18,266
EBIT Margin	32.86%	-20.50%	0.71%	-40.43%	17.79%
Effective Tax Rate	-	-	0.01%	8.87%	21.98%

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