Q4 2024 Fubon Financial Holding Co Ltd Earnings Call Transcript

Mar 17, 2025 / 06:30 AM GMT

Release Date Price: NT$87.8 (+2.04%)

Transcript

Key Points

Positve

Fubon Financial Holdings Co Ltd (TPE:2881) reported record-high net profits across its subsidiaries, including Fubon Life, Taipei Fubon Bank, Fubon Securities, and Fubon Asset Management.
The company's total assets increased by 8.7%, and net worth grew by over 18%, showcasing strong financial health.
Fubon Life achieved a net profit of over TWD102 billion, leading the life insurance sector in Taiwan with a high investment return of 5.48%.
Taipei Fubon Bank's net profit exceeded TWD30 billion, driven by strong net interest income and net fee income.
Fubon Securities reported a record-high net profit of over TWD10 billion, indicating robust market momentum and growth across major business lines.

Negative

The recurring investment income only slightly increased by 0.9%, reflecting a decline in cash dividends as the investment strategy shifted towards growth stocks.
The recurring hedging costs increased, impacting the spread between breakeven point and recurring return after hedge, which remained negative.
The loan-to-deposit spread decreased by 11% year over year, mainly due to a higher increase in time deposits.
The non-performing loan ratio for personal unsecured loans slightly edged up, although it showed improvement in Q4.
The monthly per card spending in the credit card segment decreased slightly, primarily due to an increase in active cards and lower spending in insurance payments.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

2881.TW - Fubon Financial Holding Co Ltd
Q4 2024 Fubon Financial Holding Co Ltd Earnings Call
Mar 17, 2025 / 06:30AM GMT

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Conference Call Participants
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* Editor

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Presentation
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Unidentified Company Representative [1]
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Thank you for joining Fubon Financial's year 2024 analyst meeting. Let's start from page 5. The business highlights in the holding company, we can see the EPS and net profit, both top among Taiwan's holding company peers. The total assets up by 8.7%, and net worth up by over 18%. The net profit hit record highs in subsidiaries including Fubon Life, Taipei Fubon Bank, Fubon Securities, and Fubon Asset Management.

In Fubon Life, its net profit of over TWD102 billion is also top in life insurance in Taiwan. Its business momentum is strong, with the top two position in first-year

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