Mercuries Life Insurance Co., Ltd.

Mercuries Life Insurance Co., Ltd.

TTWSE:2867
9.70
TWD
-0.12
(-1.22%)
0.21EPS
38.95P/E
47.20BMarket Cap
Mercuries Life Insurance Co., Ltd.
TWSE:2867
(Taiwan Stock Exchange)

Recent

price

9.70

P/E

ratio

38.95

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
TWD
55.66
54.15
64.74
76.7
73.22
75.02
76.33
79.54
69.94
70.25
61.68
53.71
34.16
27.16
26.32
17.03
17.08
Revenue per Share
0.17
0.44
0.79
1.25
1.14
1.3
1.3
1.37
-0.13
1.97
0.57
0.41
-4.26
-2.1
0.42
0.2
0.21
Basic EPS, GAAP
34.32
28.32
39.66
47.04
33.07
22.04
40.78
43.64
7.51
36.7
31.29
22.37
-20.95
-8.89
-7.98
1.7
1.7
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
0.19
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
9.48
6.46
11.91
10.36
12.07
11.8
13.61
16.23
11.3
16.65
15.69
15.16
6.91
7.74
7.24
6.84
6.84
Book Value per Share
9.46
6.45
11.89
10.35
12.06
11.79
13.6
16.2
11.26
16.61
15.64
15.12
6.87
7.71
7.22
6.78
6.78
Tangible Book Value per Share
1,780
1,893
1,963
1,962
2,111
2,154
2,279
2,324
2,398
2,545
2,544
2,657
3,203
4,537
5,200
5,753
5,736
Basic Weighted Avg Shares
99,087
102,505
127,104
150,478
154,612
161,574
173,929
184,810
167,713
178,763
156,923
142,687
109,429
123,239
136,863
97,958
97,958
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
158
226
289
293
350
391
453
452
477
470
508
489
490
506
516
513
513
Depreciation Expense
310
832
1,557
2,449
2,412
2,808
2,961
3,185
-312
5,012
1,445
1,091
-13,659
-9,516
2,175
1,178
1,178
Net Income, GAAP
46.85
- -
- -
- -
- -
20.44
- -
4.68
- -
- -
17
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
0.31
0.81
1.23
1.63
1.56
1.74
1.7
1.72
-0.19
2.8
0.92
0.76
-12.48
-7.72
1.59
1.2
1.2
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
9
5
2
- -
5,000
5,000
7,500
7,500
7,739
7,685
7,760
8,742
8,675
8,843
11,628
29,061
29,061
LT Debt
16,937
12,374
24,548
21,363
26,085
27,076
31,228
39,212
28,924
42,626
42,112
41,438
28,848
39,941
41,427
40,350
40,350
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
8.89
- -
7.46
- -
- -
2.88
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
5.68
8.44
10.67
10.17
10.56
10.16
9.04
-0.92
14.01
3.41
2.61
-38.87
-27.67
5.35
2.88
2.88
Return on Common Equity (%)

Capital Structure

TWD

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
ST Debt
- -
- -
- -
LT Borrowings
12,440
15,640
28,530
LT Finance Leases
582
552
531
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
5,721
5,900
5,900
Market Capitalization
28,384
34,512
47,196

Working Capital

TWD

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
68,074
92,740
91,987
Accounts Receivable, Net
2,033
2,119
2,170
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
6.84%
1.52%
-2.6%
Free Cash Flow
2.75%
-79.76%
-123.51%
Net Income, GAAP
-344.78%
-315.14%
-45.84%
Sales/Revenue/Turnover
-3.81%
-7.43%
-28.43%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
31,626
31,173
34,286
26,154
123,239
2024
40,145
35,378
28,427
32,913
136,863
2025
32,814
-13,065
39,083
39,126
97,958

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
-0.7
-0.37
0.56
-1.45
-2.1
2024
0.6
0.64
-0.7
-0.09
0.42
2025
0.03
-0.15
0.28
0.04
0.2

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
Business
Mercuries Life Insurance Company Ltd. operates primarily in Taiwan as a provider of a comprehensive range of life insurance products including health insurance, accident insurance, annuities, group insurance, universal insurance, and investment-linked insurance. The company serves individual and group customers through its extensive branch network located in cities such as Taipei, Taichung, Chiayi, Tainan, and Kaohsiung. Established in 1993 and headquartered in Taipei, Mercuries Life Insurance is recognized for its stable and integrity-driven operations in the insurance market. Its business strategy focuses on protection-oriented and investment-oriented insurance products, with a particular emphasis on health and accident insurance segments which showed significant growth in recent years. In the latest major corporate development, Mercuries Life Insurance agreed to be acquired by E.Sun Financial Holding Co. through a 100% share-swap deal, approved in November 2025. This strategic merger aims to create a diversified integrated financial platform combining banking, insurance, securities, and asset management under one financial holding group, making E.Sun the fifth-largest listed financial holding company in Taiwan by assets. The acquisition is expected to enhance Mercuries Life’s product offerings and operational efficiencies through synergies in financial integration, technology, and customer service capabilities. The deal also involves protecting policyholder rights and employee benefits while broadening the merged entity’s footprint across Taiwan’s financial services landscape. Mercuries Life Insurance reported total assets of approximately NT$1.63 trillion as of 2024, with premiums income from new and total insurance policies growing steadily. It continuously enhances its digital insurance technology services including policy administration, claims processing, and multi-identity verification systems to improve customer experience. The company implements sophisticated asset-liability management and hedging strategies to address market fluctuations impacting investment portfolios. Its initiatives also include social responsibility programs, environmental management certifications, and charitable donations to support public welfare, reflecting its commitment to sustainable business practices and community engagement. The company operates in the life insurance and financial services industry segment targeting primarily Taiwanese customers, with products tailored to meet diverse insurance protection and investment needs. Mercuries Life Insurance, as a subsidiary under Mercuries & Associates Holding Ltd. before the acquisition, now further solidifies its market position through the strategic alliance with E.Sun Financial Holding. The combined entity plans to expand high-value customer bases, enhance wealth management services, and optimize investment portfolio management to deliver improved financial performance and shareholder value. Overall, Mercuries Life Insurance Company Ltd. maintains a strong presence in Taiwan’s life insurance market with a diversified product portfolio and ongoing innovation in digital services, now poised for growth and broader market integration under the new ownership structure with E.Sun Financial Holding Co. following its 2025 acquisition.