Asia300

Fubon Financial Holding Co. Ltd.

Taiwan

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Mar 23, 2017
Prev close: 53.1
Mar 23, 2017
Market cap:
Market cap(USD):
543,404.35M
17,827.04M
Shares: 10,233.60M

Currency in TWD

Company profile

Market(Ticker): TAI(2881)
Sector:
Industry:
Finance
Multi-Line Insurance
Full time employees: 36,927

Business summary

Fubon Financial Holding Co. Ltd. engages in the provision of banking, insurance, securities and asset management services. Its activities include commercial banking, life assurance, property and casualty insurance, investment banking, bills finance, securities finance, fund management and venture capital operations. The company was founded on December 19, 2001 and is headquartered in Taipei, Taiwan.

Company background

Fubon is a major Taiwanese financial services company which offers banking, insurance and brokerage products. It started out as a property insurance company in 1961 under the Cathay group, the financial business leviathan controlled by brothers Tsai Wan-lin and Tsai Wan-chun.

Later Tsai Wan-tsai, younger brother to Wan-lin and Wan-chun took control of the property insurance company in 1979 and gradually developed it into his own empire, known today as Fubon. The company was listed as a financial holding company in 2001.

Like Cathay Financial Holding, Fubon makes most of its profits on life insurance. In recent years it has been expanding in the region, particularly in China. Fubon also controls Taiwan Mobile, a major Taiwanese wireless carrier.

Fubon is currently managed by Chairman Daniel Tsai and Vice Chairman Richard Tsai, sons to Wan-tsai and cousins to Cathay Financial Holding Chairman Tsai Hong-tu. Daniel has a master's degree in law from Georgetown University, and Richard has a Master of Business Administration from New York University.

The Tsais are widely recognized as one of the richest families in Taiwan.

In the news

Financial highlights

Dec 2015

  • Local currency
  • US Dollar
Revenue 676,998.90M
Gross profit --
Operating income 102,786.93M
Income before tax 76,679.43M
Net income 63,592.58M
EBITDA --
Diluted EPS 6.21
Dividends per share 2
Total assets 5,975.42B
Total liabilities 5,599.34B
Total equity 367,621.72M
Operating cash flow 239,153.63M

Currency in TWD

Revenue 21,320.06M
Gross profit --
Operating income 3,236.96M
Income before tax 2,414.79M
Net income 2,002.65M
EBITDA --
Diluted EPS 0.19
Dividends per share 0.06
Total assets 181,916.94M
Total liabilities 170,467.60M
Total equity 11,191.94M
Operating cash flow 7,531.43M

Currency in USD

Valuation measures

Dec 2015

PER 7.24
ROA 1.11%
ROE 16.39%
Operating margin 15.18%
Profit margin 9.39%

Key executive

  • President & Director: Wan Mei Hsu
  • Chief Financial Officer & Senior Vice President: Yan Sung Chen
  • Chief Human Resources Officer & Senior VP: Joyce Chen
  • Chief Legal Officer & Senior Vice President: Chung Ping Liu
  • Deputy General Manager: Pei Hua Liang

Share holders

  • City of Taipei (Taiwan)(13.1%)
  • Ming Dong Co. Ltd.(8.4%)
  • Dao Ying Co. Ltd.(7.2%)
  • TSAI MING HSING RICHARD(3.1%)
  • TSAI MING CHUNG DANIEL(3.0%)
  • Hung Fu Investment Co. Ltd.(2.3%)
  • The Vanguard Group, Inc.(2.2%)
  • GIC Pte Ltd. (Investment Management)(1.5%)
  • Shin Kong Life Insurance Co., Ltd.(1.4%)
  • Chung Shing Development Co. Ltd.(1.4%)

Address

  • Website: http://www.fubon.com
  • Address: 237, Section 1, Chien Kuo South Road, Taipei, 105, Taiwan
  • Phone: +886.2.6636.6636

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