First Insurance CoTPE:2852 +1.14%83 Net Margin % is 7.92% as of Dec. 2025, which is 7% below its 10-year median of 8.52. GuruFocus rates TPE:2852 with a GF Score™ of 83/100 and a GF Value™ of NT$26.11 (Fairly Valued). The stock has 3 warning signs investors should review. Among 501 Insurance companies, First Insurance Co ranks better than 60.48% on this metric.
The historical rank and industry rank for First Insurance Co's Net Margin % or its related term are showing as below:
TPE:2852'
s Net Margin % Range Over the Past 10 Years
Min: 2.61 Med: 8.52 Max: 11.65
Current: 11.65
TPE:2852's Net Margin % is ranked better than 60.48% of 501
companies
in the Insurance industry
Industry Median: 9.29
vs TPE:2852: 11.65
First Insurance Co (TPE:2852) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
First Insurance Co Net Margin % Related Terms
First Insurance Co Net Margin % Historical Data
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The historical data trend for First Insurance Co's Net Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Insurance - Property & Casualty subindustry, First Insurance Co's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
First Insurance Co Net Margin % vs Insurance Industry
For the Insurance industry and Financial Services sector, First Insurance Co's Net Margin % distribution charts can be found below:
* The bar in red indicates where First Insurance Co's Net Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
First Insurance Co (TPE:2852) has a Net Margin % of 7.92% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on First Insurance Co and its competitors. This is near median its historical median of 8.52. Over the past decade, First Insurance Co's Net Margin % has ranged from 2.61 to 11.65. According to the industry distribution chart, First Insurance Co ranks #198 out of 501 companies in the Insurance industry, placing it in the top 39.5%.
Is First Insurance Co's Net Margin % too high?
First Insurance Co's current Net Margin % of 7.92% is near median its 10-year median of 8.52. Over the past 10 years, this metric has ranged from a low of 2.61 to a high of 11.65. The Insurance industry median Net Margin % is 9.29. First Insurance Co's value of 7.92% is 14.7% below this industry median. Based on the distribution chart, First Insurance Co ranks #198 out of 501 companies in the Insurance industry, which is above the industry midpoint. Overall, First Insurance Co has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does First Insurance Co's Net Margin % compare to CB and PGR?
According to the Insurance industry distribution chart, First Insurance Co ranks #198 out of 501 companies for Net Margin %. This puts First Insurance Co in the upper half of its industry. The industry median Net Margin % is 9.29. First Insurance Co's value of 7.92% is 14.7% below this benchmark. Historically, First Insurance Co's own Net Margin % has ranged from 2.61 to 11.65 over the past decade. While the company's 10-year median is 8.52 vs. the industry median of 9.29, First Insurance Co has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for an Insurance company?
The median Net Margin % among Insurance companies is 9.29, based on 501 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Insurance Co's current Net Margin % of 7.92% is 14.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on First Insurance Co and its competitors. For the Insurance industry, the median Net Margin % is 9.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Insurance Co's current Net Margin % is 7.92%, which is near median its own 10-year median of 8.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Insurance Co stock overvalued right now?
Based on GuruFocus' analysis, First Insurance Co (TPE:2852) is currently considered Fairly Valued. The stock's GF Value™ is NT$26.11, compared to a current price of NT$26.60 — trading 1.9% above its estimated fair value. The current Net Margin % is 7.92%, which is near median its 10-year median of 8.52 and 14.7% below the Insurance industry median of 9.29. First Insurance Co's overall GF Score™ is 83/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For First Insurance Co (TPE:2852), the current Net Margin % is 7.92% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is First Insurance Co (TPE:2852) Overvalued in 2026?
Based on GuruFocus' analysis, First Insurance Co stock appears to be overvalued.
The current stock price of NT$26.60 is trading 1.9% above its estimated GF Value™ of NT$26.11.
GuruFocus considers First Insurance Co to be Fairly Valued.
Key valuation signals for TPE:2852:
Net Margin %: 7.92% (near median its 10-year median of 8.52)
GF Value™: NT$26.11 vs. price of NT$26.60 (1.9% above fair value)
Industry Position: 14.7% below the Insurance median (#198 of 501)
No single metric tells the full story. See the TPE:2852 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Insurance Co Ltd is engaged in the provision of insurance services. The company offers various insurance services such as fire, liability, and professional insurance such as medical malpractice insurance, hospital comprehensive liability insurance, directors, and officer's liability insurance, personal accident, motor, and marine transportation insurance, machinery and engineering insurance, and others. Additionally, it also renders reinsurance services. The company has branches in Taichung, Kaohsiung, Tainan, Taoyuan, and New Taipei City.
83GF Score
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