1. Taiwan Stocks

  2. •

    Finance

  3. •

    Life/Health insurance
Cathay Financial Holdings Co., Ltd.

Cathay Financial Holdings Co., Ltd.

113.50
TWD
-0.50
(-0.44%)
7.34EPS
10.38P/E
1.11TMarket Cap
Nov 25Next Earn
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
31.12
31.77
34.34
41.99
45.5
37.1
43.19
47.65
46.6
28.8
18.08
24.6
28.52
28.51
Basic EPS, GAAP
3.06
3.85
4.49
3.71
4.39
4.03
4.9
5.58
10.58
2.83
3.47
7.52
7.3
7.3
Free Cash Flow per Basic Share
4.01
11.93
-16.43
-2.87
9.15
-7.09
13.08
14.45
5.24
-2.36
-4.39
-6.69
12.47
12.47
Dividend per Share
0.6
1.4
2
1.97
1.99
2.61
1.68
2.22
2.75
3.75
1.13
2.23
3.75
- -
Book Value per Share
29.43
33.82
35.5
40.18
46.08
39.35
56.55
65.62
66.29
39.78
52.68
59.54
62.24
62.24
Tangible Book Value per Share
28.71
33.09
31.06
35.6
41.73
35.15
52.72
61.58
62.44
36.26
49.29
57.28
60.09
60.09
Basic Weighted Avg Shares
12,370
12,818
12,818
12,818
12,818
12,760
12,816
13,376
13,190
13,190
14,669
14,669
14,669
14,671
Sales/Revenue/Turnover
385,001
407,268
440,189
538,210
583,286
473,459
553,505
637,379
614,660
379,888
265,227
360,932
418,298
418,298
Operating Margin (%)
8.26
13.81
12.03
9.32
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
2,907
2,525
3,641
5,189
5,424
5,675
7,098
7,358
7,398
7,544
8,636
8,436
8,840
8,840
Net Income, GAAP
37,816
49,369
57,514
47,619
56,307
51,467
62,757
74,579
139,514
37,359
50,929
110,270
107,142
107,142
Effective Tax Rate (%)
11.17
11.46
13.78
4.27
4.97
6.79
9.49
6.93
11.68
24
11.36
13.11
4.73
4.73
Profit Margin (%)
9.82
12.12
13.07
8.85
9.65
10.87
11.34
11.7
22.7
9.83
19.2
30.55
25.61
25.61
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
102,467
134,404
107,478
93,566
150,259
153,926
187,841
202,989
221,661
238,032
285,488
400,397
441,883
441,883
Total Equity
381,486
439,120
461,062
529,824
608,471
529,289
782,027
904,776
914,039
611,708
801,446
906,527
934,388
934,388
Return on Invested Capital (%)
6.79
9.4
7.98
8
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
9.09
9.29
10.01
7.92
8.09
7.09
7.46
7.05
12.31
3.7
5.2
9.13
7.95
7.95
Return on Common Equity (%)
12.17
12.18
12.95
9.82
10.18
9.4
9.96
9.13
15.81
5.08
7.51
13.4
12
12

Capital Structure

TWD

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
15,333
15,333
15,333
Shares Outstanding
14,669
14,669
14,669
Market Capitalization
921,226
962,300
1,111,926

Working Capital

TWD

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
935,262
908,883
790,689
Accounts Receivable, Net
- -
- -
- -
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
9.53%
3.03%
3.07%
Free Cash Flow
-128.53%
-67.41%
-286.51%
Net Income, GAAP
19.71%
32.77%
-2.84%
Sales/Revenue/Turnover
2.39%
-3.99%
15.89%
Total Cash Common Dividend
18.98%
31.41%
67.79%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
58,085
91,626
77,347
40,392
265,227
2024
127,457
76,992
99,484
57,000
360,932
2025
116,213
26,399
117,328
158,357
418,298

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.48
1.5
1.83
-0.57
3.47
2024
2.6
2.06
2.12
0.51
7.52
2025
2.18
0.95
1.95
2.22
7.3

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
1.13
2024
- -
- -
- -
- -
2.23
2025
- -
- -
- -
- -
3.75

Company Description

Company Profile APIChatGPT
CEO
Zhang Geng Li
Full Time Employees
51,797
Sector
Finance
Industry
Life/Health insurance
Address
No. 296, Renai Road Taipei TPE Taiwan 10633
IPO Date
Dec 31, 2001
Website
cathayholdings.com
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Business
Cathay Financial Holding Co., Ltd. (2882.TW) operates as a leading financial holding company in Taiwan, providing a comprehensive range of financial services through its subsidiaries, including life and non-life insurance, banking, securities brokerage, wealth management, and asset management. Founded in 2001 and headquartered in Taipei, Taiwan, the company serves over 12 million customers primarily in Taiwan, with expanding operations across Asia-Pacific regions such as China, Hong Kong, Vietnam, Cambodia, Thailand, the Philippines, Indonesia, Singapore, Malaysia, Laos, and Myanmar. Its core subsidiaries encompass Cathay Life Insurance, offering traditional life, health, annuity, and investment-linked insurance products; Cathay United Bank, delivering deposits, loans, credit cards, consumer financing, international banking, and payment services; Cathay Century Insurance, specializing in property and casualty lines such as motor, fire, marine cargo, electronic equipment, fishing vessel, erection all risk, and golfers' liability insurance; Cathay Securities, providing retail and institutional brokerage, underwriting, margin trading, futures dealing, and asset securitization; and Cathay Securities Investment Trust, focusing on fund management and investment products. The group emphasizes cross-selling strategies, digital transformation via "Cathay as a Service (CaaS)" ecosystem integrating business travel, e-commerce, tourism, transportation, construction, and health care, and a robust network of branches, sales forces, and advisors. Recent developments include Cathay Life Insurance achieving 24% total premium growth and doubled first-year premiums in Q1 2025, with assets under management reaching TWD2.2 trillion and a value of new business up 9% year-over-year; Cathay United Bank reporting 17% earnings growth from loan expansion and net interest income; Cathay Century Insurance posting 21% net income increase with strong underwriting profitability; and an 80% expansion of the energy transition portfolio to TWD73.3 billion by end-2024, alongside commitments to 100% renewable energy by 2050 under sustainable finance initiatives. In 2024, Cathay Life divested Conning Holdings Limited and affiliates to Generali, establishing a long-term asset management partnership with Cathay Life retaining a 16.75% stake in Generali Investments Holding, while the group continued advancing its third pillar of asset management growth globally.