Fubon Financial : Reports April 2026 Earnings Results

Published: 2026-05-14 22:21:04 ET 2881.TW

Published on 05/14/2026 at 10:21 pm EDT

Fubon FHC's unaudited consolidated pre-tax profit was NT$43.13bn and net profit was NT$38.82bn in April. Cumulative pre-tax profit was NT$81.75bn and net profit was NT$72.08bn, with EPS of NT$5.15. Both monthly and cumulative net profit hit historical highs for the same period. After including stock disposal gains and losses under Fair Value through Other Comprehensive Income (FVOCI), totaled NT$16.58bn in April and NT$49.38bn for the first four months, Fubon FHC's monthly and cumulative adjusted net income would be NT$55.40bn and NT$121.46bn, with adjusted EPS reached NT$8.67, exceeding the profit for the full year of 2025. FVOCI stock disposal gains and losses are not included in current profit and loss, but are directly reflected in retained earnings and are available for earnings distribution. Adjusted net income would be more comparable to the profitability prior to IFRS 17 adoption. All subsidiaries performed well in April, with both monthly and cumulative net profits of Taipei Fubon Bank, Fubon Insurance, Fubon Securities, and Fubon Asset Management hitting historical highs for the same period. Fubon Life's monthly and cumulative adjusted net income reached a historical high for the same period. The performance of each subsidiary is as follows: Fubon Life's net profit was NT$30.95bn in April and cumulative net profit was NT$46.06bn. FVOCI stock disposal gains in April and YTD amounted to NT$16.26bn and NT$48.43bn, respectively. Adjusted net income in April and YTD reached NT$47.21bn and NT$94.50bn, respectively, including FVOCI stock disposal gains and losses. Monthly and cumulative adjusted net income in April were historical highs for the same periods. Besides contributions from the CSM release and recurring investment income, net profit also benefited from MTM gains of financial assets thanks to record-high level of TAIEX and a surging US stock market, together with the realization of capital gains from domestic and overseas equities and funds. As for the bond market, the US economy remained resilient, and the Fed stayed vigilant on inflation, leading to US Treasury yields fluctuating at elevated levels in April. Fubon Life maintained sufficient cash positions to flexibly respond to subsequent market changes. As for the FX market, as the US-Iran conflict entered a negotiation phase, foreign capital inflows in April led to the US dollar depreciation by about 1% against the New Taiwan dollar. Fubon Life will continue to monitor the market closely and adjust hedging positions dynamically to properly manage FX risks. Fubon Life's standalone cumulative first year premium (FYP) reached NT$57.34bn, up 29% YoY, and cumulative total premium (TP) reached NT$150.17bn, up 18% YoY. Monthly FYP and TP were NT$12.71bn and NT$34.32bn, up 35% and 22% YoY, respectively. April and cumulative FYP and TP are estimated to rank the second highest in the industry . As Fubon Life continues to focus on high CSM regular-paid and protection products, cumulative FYP for personal health and accident products grew 23% YoY, and cumulative FYPE reached NT$20.56bn, which are estimated to rank the second highest in the industry. In terms of capital position, equity to asset and Taiwan Insurance Solvency (TIS) level are sound. The company continues to closely monitor market movement to assess potential impacts and ensure robust solvency. Taipei Fubon Bank posted net profit of NT$4.22bn in April, up 45% YoY, with cumulative net profit reaching NT$16.38bn, up 26% YoY and setting a historical high. Performance across all major business lines year-to-date has improved meaningfully compared with the same period last year, driving total revenue up 24% YoY. Deposit and loan balances increased by 15% YoY and 16% YoY, respectively. Together with improving net interest margin, cumulative net interest income grew 26% YoY. Meanwhile, supported by growth in wealth management product sales volume and credit card spending in overseas markets, cumulative net fee income rose 31% YoY. Asset quality remained benign. NPL ratio and coverage ratio were 0.12% and 1,082%, respectively, as of end-April. Fubon Insurance's net profit was NT$1.15bn in April, with cumulative net profit reaching NT$3.74bn, both hitting record highs for the same period. Adjusted net income was NT$1.37bn in April and NT$4.31bn in the first four months, including FVOCI stock disposal gains and losses, driven by strong underwriting profits and contributions from investment income. In terms of business performance, total written premiums in April reached NT$6.34bn, up 2% YoY. Electric vehicle insurance delivered strong results, with monthly written premiums rising 27% YoY, benefiting from a comprehensive product lineup and convenient online service. This further lifted the overall growth of the company's auto insurance business, which outperformed the market average. Cumulative written premium was NT$27.62bn, up 9% YoY, making it the market leader with a market share of 25.5%. Fubon Securities' net profit reached NT$2.45bn in April with cumulative net profit of NT$6.41bn, up 224% YoY, both record highs for the same period. Brokerage and wealth management fee revenue grew of 106% and 61% YoY, respectively, benefiting from the continuous surge in the Taiwan stock market daily trading volume above NT$1tn. The average daily turnover of the Taiwan stock market in the first four months reached NT$1.06tn. In addition, TAIEX hit new highs and up by 7,204 points in the month, boosting proprietary income growth of 611% YoY, contributing to its overall performance. Fubon Asset Management's net profit was NT$0.17bn in April and cumulative net profit was NT$0.57bn, up 142% and 86% YoY, respectively. Both monthly and cumulative net profits hit record highs for the same period. Monthly profit in April came from continuous expansion in total assets under management (AUM), which reached NT$1.4tn by end-April, setting a record high. Domestic equity funds, including ETFs, which accounted for 50% of total AUM, delivered the strongest AUM growth, up 105% YoY. Fubon FTSE TWSE Taiwan 50 ETF (006208) and the Fubon Taiwan Technology ETF (0052) are key contributors, which posted AUM YoY growth of 84% and 871%, respectively, boosting the overall profit growth.

Disclaimer

Fubon Financial Holdings Co. Ltd. published this content on May 14, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 15, 2026 at 02:20 UTC.