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    Property/Casualty insurance
Shinkong Insurance Co., Ltd.

Shinkong Insurance Co., Ltd.

TTWSE:2850
165.00
TWD
-0.50
(-0.30%)
12.27EPS
9.57P/E
37.13BMarket Cap
Shinkong Insurance Co., Ltd.
TWSE:2850
(Taiwan Stock Exchange)

Recent

price

165.00

P/E

ratio

9.57

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
TWD
30.88
28.14
29.63
31.81
34.82
37.85
40.53
44.18
46.68
49.15
52.26
58.44
59.91
63.1
66
68.24
68.24
Revenue per Share
4.79
1.8
2.45
3.08
3.28
3.97
3.35
4.32
5.6
4.94
5.16
7.13
6.34
9.22
10.47
12.28
12.27
Basic EPS, GAAP
1.83
5.32
-1.97
2.22
0.83
7.73
3.45
4.84
14.13
2.48
6.54
5.17
0.31
4.8
15.62
0.06
0.06
Free Cash Flow per Basic Share
2.98
1.51
1.48
1.2
1
1.07
1.57
1.51
1.82
2.65
1.8
1.95
3.2
2.54
4.99
7.15
- -
Dividend per Share
20.63
17.78
20.49
21.91
24.16
26.6
27
31.06
33.52
36.95
41.85
48.29
47.57
55.45
60.88
65.65
65.65
Book Value per Share
20.44
17.58
20.31
21.76
24.04
26.46
26.86
30.92
33.41
36.85
41.79
48.2
47.5
55.39
60.8
65.5
65.5
Tangible Book Value per Share
316
314
313
316
316
316
315
316
316
316
316
316
316
316
316
316
316
Basic Weighted Avg Shares
9,757
8,837
9,274
10,050
11,000
11,956
12,768
13,958
14,749
15,531
16,510
18,464
18,931
19,939
20,854
21,562
21,562
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
56
56
61
69
91
84
83
80
81
91
102
107
107
104
98
114
114
Depreciation Expense
1,515
565
768
972
1,036
1,256
1,057
1,365
1,770
1,562
1,630
2,254
2,004
2,914
3,309
3,879
3,879
Net Income, GAAP
- -
26.03
14.77
12.95
12.87
13.84
9.29
12.66
12.19
17.39
15.54
15.1
19.01
17.27
17.45
17.7
17.7
Effective Tax Rate (%)
15.52
6.39
8.29
9.67
9.42
10.5
8.28
9.78
12
10.06
9.87
12.21
10.58
14.62
15.87
17.99
17.99
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
38
35
35
34
17
33
26
26
LT Debt
6,519
5,617
6,474
6,922
7,634
8,371
8,512
9,814
10,592
11,674
13,224
15,257
15,030
17,519
19,236
20,743
20,743
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
9.31
12.71
14.51
14.23
15.69
12.52
14.9
17.35
14.01
13.05
15.79
13.2
17.88
17.98
19.37
19.37
Return on Capital (%)
25.6
9.31
12.71
14.51
14.23
15.69
12.52
14.9
17.35
14.03
13.09
15.83
13.23
17.91
18.01
19.4
19.4
Return on Common Equity (%)

Capital Structure

TWD

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
30
28
26
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
316
316
316
Market Capitalization
30,964
38,074
37,126

Working Capital

TWD

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
14,014
14,623
14,086
Accounts Receivable, Net
3,502
3,095
3,238
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
9.65%
9.62%
7.84%
Free Cash Flow
170.94%
290.05%
-99.61%
Net Income, GAAP
13.9%
20.68%
17.21%
Sales/Revenue/Turnover
6.11%
5.54%
3.4%
Total Cash Common Dividend
26.88%
38.31%
43.29%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
4,695
5,059
5,277
4,908
19,939
2024
5,255
5,063
5,323
5,212
20,854
2025
5,176
5,280
5,714
5,392
21,562

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
1.43
2.28
3.15
2.37
9.22
2024
2.78
2.56
2.58
2.55
10.47
2025
2.25
3.16
3.05
3.81
12.28

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
2.54
2024
- -
- -
- -
- -
4.99
2025
- -
- -
- -
- -
7.15
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Business
Shinkong Insurance Co., Ltd. provides a wide array of property and casualty insurance offerings throughout Taiwan. The company’s portfolio encompasses policies for motor vehicles, fire protection, marine risks, engineering projects, general liability, as well as accident and health coverage. Established in 1963, this insurer operates as a key component of the broader Shin Kong Financial Holding group, headquartered in Taipei, Taiwan. The parent financial holding company is currently in a proposed merger with Taishin Financial Holding, a move anticipated to enhance market position and strengthen the group's overall financial profile. Shinkong Insurance maintains a substantial presence within Taiwan’s non-life insurance sector and has consistently demonstrated strong profitability.