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Finance

Fubon Financial Holding Co., Ltd.

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.

Business Summary

Fubon Financial Holding Co., Ltd. engages in the provision of financial services. It offers life insurance, property and casualty insurance, banking, futures, investment management, securities, venture capital, direct marketing consulting, and asset management services through its subsidiaries. The company was founded on December 19, 2001 and is headquartered in Taipei, Taiwan.

Financial Highlights

Dec 2021 TWDUSD
Revenue879,847.49M31,499.77M
Gross Profit----
Operating income278,563.42M9,972.96M
Income before tax164,009.43M5,871.76M
Net income144,559.04M5,175.41M
EBITDA----
Diluted EPS11.890.42
Dividends Per Share3.330.11
Total Assets10,480.50B378,808.91M
Total liabilities9,496.66B343,248.77M
Total equity949,569.30M34,321.37M
Operating cash flow14,765.80M528.63M
Currency in TWDCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 692,326.95M 733,113.18M 914,592.42M 960,307.13M 879,847.49M
Gross Profit -- -- -- -- --
Operating income 91,542.29M -53,466.97M 230,865.77M 293,502.33M 278,563.42M
Income before tax 57,358.78M 55,853.77M 65,138.97M 102,320.04M 164,009.43M
Net income 54,122.46M 47,728.85M 58,497.25M 90,272.44M 144,559.04M
EBITDA -- -- -- -- --
Diluted EPS 4.45 3.88 4.68 7.33 11.89
Dividends Per Share 1.97 1.71 1.71 2.57 3.33
Total Assets 6,905.73B 7,701.49B 8,532.50B 9,227.81B 10,480.50B
Total liabilities 6,416.96B 7,232.66B 7,912.81B 8,451.03B 9,496.66B
Total equity 488,431.60M 459,243.35M 607,774.10M 762,868.90M 949,569.30M
Operating cash flow -162,374.69M -12,826.59M 220,148.81M 18,367.16M 14,765.80M
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 22,756.91M 24,311.92M 29,586.29M 32,614.12M 31,499.77M
Gross Profit -- -- -- -- --
Operating income 3,009.01M -1,773.10M 7,468.31M 9,967.97M 9,972.96M
Income before tax 1,885.39M 1,852.25M 2,107.19M 3,475.01M 5,871.76M
Net income 1,779.01M 1,582.81M 1,892.33M 3,065.84M 5,175.41M
EBITDA -- -- -- -- --
Diluted EPS 0.14 0.12 0.15 0.24 0.42
Dividends Per Share 0.06 0.05 0.05 0.08 0.11
Total Assets 232,059.29M 250,560.94M 284,635.05M 328,415.39M 378,808.91M
Total liabilities 215,634.69M 235,308.12M 263,962.99M 300,769.90M 343,248.77M
Total equity 16,413.18M 14,941.06M 20,274.68M 27,150.29M 34,321.37M
Operating cash flow -5,337.28M -425.36M 7,121.62M 623.78M 528.63M

Valuation Measures

Dec 2021
PER6.10
ROA1.46%
ROE16.88%
Operating margin31.66%
Profit margin16.43%

Key executives

  • Head-Finance & Deputy General Manager: Yan Sung Chen
  • Deputy General Manager: Li Peng Chang
  • Senior Associate: Chia Hui Wang
  • Manager: Pao Lin Ma
  • Deputy General Manager: Chao Ju Chen

Shareholders

  • City of Taipei (Taiwan) (13.8%)
  • Ming Dong Co. Ltd. (8.9%)
  • Dao Ying Co. Ltd. (8.1%)
  • TSAI MING HSING RICHARD (3.3%)
  • TSAI MING CHUNG (3.1%)
  • Hung Fu Investment Co. Ltd. (2.7%)
  • Labor Pension New Fund (2.4%)
  • The Vanguard Group, Inc. (1.9%)
  • Chung Shing Development Co. Ltd. (1.5%)
  • BlackRock Fund Advisors (1.3%)

Contact Details

  • Website:http://www.fubon.com
  • Address: 237, Section 1, Chien Kuo South Road, Taipei, 106 57, Taiwan
  • Phone: +886.2.66366636

Related Companies

  • Fubon Direct Marketing Consulting Co., Ltd.
  • Fubon Realtors Co., Ltd.
  • Fubon Financial Holding Co. Ltd. /Custody/
  • Zhong Xi Co. Ltd.
  • Fubang Securities Co. Ltd.
  • Fubon Property Insurance Co. Ltd.
  • Fubon Property & Casualty Insurance Co., Ltd.
  • Taiwan Sports Lottery Co., Ltd.
  • Fubon Direct Marketing Co. Ltd.
  • Fubon USA, Inc.
  • Fubon Product Insurance Co. Ltd.
  • Fubon Life Insurance Co., Ltd.
  • Fuji Management Consulting Co. Ltd.
  • Fuh HUA Real Estate Management Co. Ltd.
  • Fubon Financial Venture Capital Co. Ltd.
  • Taipei Fubon Commercial Bank Co., Ltd.
  • Taipei Bank Co. Ltd.
  • Fubon Securities Co. Ltd.
  • Jih Sun Financial Holding Co., Ltd
  • Fubon Bank (Hong Kong) Ltd.
  • Fubon Insurance Co., Ltd.

Competitors

  • Yuanta Futures Co., Ltd.
Last Updated on 4 Oct, 2022

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