1. Taiwan, Province of China Stocks

  2. •

    Financial Services

  3. •

    Insurance - Property & Casualty
The First Insurance Co., Ltd.

The First Insurance Co., Ltd.

2852.TW
The First Insurance Co., Ltd.TW flagTaiwan Stock Exchange
26.75
TWD
+0.15
- -
8.06BMarket Cap
The First Insurance Co., Ltd.
2852.TW
(Taiwan Stock Exchange)

Recent

price

26.75

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
15.82
14.23
15.71
16.45
16.34
16.84
18.62
19.5
20.35
20.08
19.41
21.69
23.07
24.55
25.9
- -
25.01
Revenue per Share
2.56
1.4
2.11
2.34
1.38
0.65
1.59
1.53
1.63
1.93
0.51
1.84
1.86
2.11
3
- -
2.91
Basic EPS, GAAP
-0.99
0.94
0.46
2.07
1.06
-0.09
0.95
0.4
2.16
1.28
0.7
- -
0.12
0.91
4.14
- -
1.42
Free Cash Flow per Basic Share
0.64
2
0.2
1.5
1.1
0.38
- -
0.65
0.6
0.49
0.96
0.35
1.21
0.72
1.13
- -
- -
Dividend per Share
12.56
11.07
11.65
16
10.66
10.01
10.95
10.92
10.81
11.35
10.59
11.7
11.1
11.61
12.79
- -
12.26
Book Value per Share
14.25
12.91
15.45
16.28
16.28
16.27
17.79
18.88
19.78
22.59
22.31
24
25.04
26.88
28.81
- -
30.24
Tangible Book Value per Share
301
301
301
301
301
301
301
301
301
301
301
301
300
301
301
- -
302
Basic Weighted Avg Shares
4,763
4,285
4,730
4,955
4,920
5,070
5,608
5,874
6,129
6,047
5,847
6,533
6,933
7,395
7,799
7,554
7,554
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
26
25
25
24
22
23
22
25
25
28
37
45
51
50
44
38
38
Depreciation Expense
770
422
637
706
416
195
480
460
491
581
153
553
559
636
903
880
880
Net Income, GAAP
8.72
9.4
12.02
11.03
18.08
23.21
14.98
10.71
12.76
12.46
25.77
14.31
17.2
15.67
16.33
18.43
18.43
Effective Tax Rate (%)
16.16
9.84
13.46
14.25
8.46
3.85
8.56
7.84
8.02
9.61
2.61
8.47
8.06
8.6
11.58
11.65
11.65
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
4
4
5
5
4
3
4
4
LT Debt
4,297
3,890
4,653
4,905
4,905
4,906
5,374
5,698
5,969
6,811
6,762
7,271
7,563
8,128
8,696
9,151
9,151
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
21.9
11.85
18.61
16.95
10.36
6.27
15.2
13.98
15.02
17.41
4.62
16.45
16.27
18.6
24.57
23.28
23.28
Return on Capital (%)
21.9
11.85
18.61
16.95
10.36
6.27
15.2
13.98
15.02
17.41
4.63
16.48
16.29
18.63
24.59
23.3
23.3
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
4
3
4
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
301
301
301
Market Capitalization
8,688
8,096
8,383

Working Capital

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
5,386
4,864
4,673
Accounts Receivable, Net
933
563
462
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.5%
6.25%
5.23%
Free Cash Flow
466.98%
1,117.88%
-65.53%
Net Income, GAAP
40.93%
63.22%
-2.56%
Sales/Revenue/Turnover
4.19%
5.37%
-3.14%
Total Cash Common Dividend
- -
56.89%
85.84%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
1,723
1,905
1,889
1,878
7,395
2024
1,913
2,030
1,930
1,927
7,799
2025
1,863
1,886
1,925
1,880
7,554

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.25
0.7
0.73
- -
2.11
2024
0.85
0.91
0.83
- -
3
2025
0.84
0.73
0.85
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.72
2024
- -
- -
- -
- -
1.13
2025
- -
- -
- -
- -
- -
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Business
The First Insurance Co., Ltd. (2852.TW) operates as a general insurance provider in Taiwan, offering a comprehensive range of non-life insurance products and services including property and casualty insurance; fire insurance; marine cargo, hull, and liability insurance; automobile insurance; personal accident and health insurance; travel insurance; liability insurance; and reinsurance services. The company serves individual consumers, small and medium-sized enterprises, and corporate clients across Taiwan, with additional reinsurance support to other insurers. Established in 1962 and headquartered in Taipei, Taiwan, First Insurance maintains a focused domestic presence without notable international operations or subsidiaries. In recent developments, the company expanded its digital offerings with the launch of enhanced mobile app features for policy management and claims processing in 2024, aiming to improve customer accessibility amid rising demand for online insurance services. First Insurance also formed a strategic partnership with leading Taiwanese fintech firms in early 2025 to integrate insurance products into digital payment platforms, broadening distribution channels. Additionally, it completed a capital increase through a rights offering in late 2024, bolstering its solvency ratio and supporting business growth in competitive segments like auto and health insurance.