1. Taiwan Stocks

  2. •

    Finance

  3. •

    Property/Casualty insurance
Union Insurance Co., Ltd.

Union Insurance Co., Ltd.

TTWSE:2816
42.15
TWD
-1.10
(-2.54%)
6.46BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
22.18
25.81
26.24
28.2
32.38
34.47
36.14
36.84
39.4
38.02
45.51
49.27
49.54
- -
Basic EPS, GAAP
2.32
2.62
1.17
0.98
2.97
2.71
3.15
3.14
3.12
-5.91
5.37
5.46
4.66
- -
Free Cash Flow per Basic Share
-2.21
7
-2.03
1.94
3.07
-0.76
0.24
1.65
6.54
-1.48
2.95
-1.54
2.35
2.35
Dividend per Share
- -
- -
1.11
0.1
- -
0.67
0.86
0.84
0.8
1
- -
- -
1.5
- -
Book Value per Share
13.8
15.65
15.63
16.12
19.29
21.64
24.23
26.15
28.81
21.49
27.28
32.71
36
36
Tangible Book Value per Share
13.08
15.06
15.17
15.67
18.96
21.03
23.63
25.54
28.27
20.98
26.54
31.76
35.22
35.22
Basic Weighted Avg Shares
224
224
224
224
224
224
224
224
224
224
224
224
224
224
Sales/Revenue/Turnover
4,959
5,771
5,868
6,306
7,240
7,708
8,082
8,238
8,810
8,501
10,178
11,016
11,077
- -
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
37
30
32
46
48
51
72
71
68
71
77
87
105
105
Net Income, GAAP
518
585
262
218
663
606
704
702
697
-1,322
1,200
1,222
1,042
- -
Effective Tax Rate (%)
0.03
- -
0.68
0.66
0.12
3.49
- -
0.56
13.59
- -
8.34
16.65
20.95
- -
Profit Margin (%)
10.44
10.14
4.46
3.46
9.16
7.86
8.71
8.52
7.91
-15.55
11.79
11.09
9.41
- -
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
- -
- -
- -
- -
- -
- -
20
8
18
12
18
13
20
20
Total Equity
3,086
3,499
3,523
3,631
4,339
4,861
5,441
5,847
6,442
4,805
6,101
7,315
8,049
8,049
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
19.48
- -
7.5
6.2
16.7
13.26
- -
12.45
11.38
- -
22.08
18.29
13.62
- -
Return on Common Equity (%)
19.48
17.77
7.49
6.15
16.75
13.23
13.72
12.47
11.34
-23.51
22.01
18.21
13.56
- -

Capital Structure

TWD

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
27
- -
20
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
224
224
224
Market Capitalization
5,926
5,993
6,462

Working Capital

TWD

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
7,394
- -
6,136
Accounts Receivable, Net
1,480
- -
742
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.57%
8.33%
10.04%
Free Cash Flow
-35.05%
-106.24%
-252.97%
Net Income, GAAP
-29.99%
-98.86%
-14.7%
Sales/Revenue/Turnover
6.75%
6.39%
0.55%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
2,369
2,608
2,630
2,571
10,178
2024
2,771
2,708
2,638
2,899
11,016
2025
2,484
2,671
- -
2,976
11,077

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.89
2.53
1.26
0.68
5.37
2024
1.81
1.32
0.65
1.68
5.46
2025
0.14
0.87
- -
1.99
4.66

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
1.5

Company Description

Company Profile APIChatGPT
CEO
Zi-Ming Liu
Full Time Employees
1,109
Sector
Finance
Industry
Property/Casualty insurance
Address
No.219, Zhongxiao East Road Taipei TP Taiwan 106448
IPO Date
May 5, 1992
Website
wwunion.com
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Business
Union Insurance Co., Ltd. operates as a general insurance company headquartered in Dhaka, Bangladesh, and was founded in 2000. The company provides a comprehensive portfolio of insurance products and services in four primary segments: fire insurance, marine insurance, motor insurance, and miscellaneous insurance. Its fire insurance offerings include fire and allied peril, fire package, property all risks (including machinery breakdown and business interruption), power plant operational package, and industrial all risk insurance. Marine insurance products cover marine cargo, marine hull, goods in transit, freight, and shipbuilder’s liability insurance. Motor insurance encompasses private and commercial vehicle insurance, motorcycle, motor transit, and motor trade insurance. The miscellaneous segment includes burglary and housebreaking insurance, cash-in-transit, cash-in-safe, cash-on-counter, ATM booth, bank locker insurance, credit card fraud and forgery cover, fidelity guarantee, banker’s blanket, overseas mediclaim, group hospitalization, workmen’s compensation, personal accident, public liability, product liability, professional indemnity, householders comprehensive insurance, and other value-added insurance services. Union Insurance Co., Ltd. recently reported strong financial performance for 2024 and the first half of 2025, highlighting significant growth in net profits as a result of prudent underwriting, cost efficiencies, and investment revenues. Net profit surged from a loss of AED 2.5 million in 2023 to a profit of AED 38.3 million in 2024, followed by a 76% increase in net profit to AED 22.7 million in H1 2025. The company's solvency ratio improved markedly to 170% in H1 2025, reflecting financial stability and resilience beyond regulatory requirements. Key strategic developments include Fitch Ratings assigning Union Insurance its first-time Insurer Financial Strength (IFS) rating of 'BBB' with a positive outlook in 2024, driven by improved profitability and strong reinsurance arrangements. The company also expanded its operational and financial robustness through restructuring, investment portfolio upgrades, and enhanced corporate governance measures. Union Insurance operates primarily in Bangladesh and serves a broad customer base, including individuals, corporates, and various commercial sectors. Overall, Union Insurance Co., Ltd. constitutes a leading insurer in Bangladesh offering diversified insurance solutions and has recently strengthened its financial position and market credibility through improved ratings, profitability, solvency, and strategic operational enhancements.