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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. It operates through the following segments: Bank Business, Insurance Business, Life Insurance Business, Securities Business, and Others. The company was founded on December 19, 2001 and is headquartered in Taipei, Taiwan.

Financial Highlights

Dec 2022 TWDUSD
Gross Profit----
Operating income-338,996.90M-11,370.78M
Income before tax58,949.32M1,977.30M
Net income46,925.62M1,574.00M
Diluted EPS3.540.11
Dividends Per Share----
Total Assets10,564.79B343,732.66M
Total liabilities9,991.18B325,069.90M
Total equity565,690.55M18,405.12M
Operating cash flow202,499.36M6,792.32M
Currency in TWDCurrency in USD

Historical Data

 Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022
Revenue 733,113.18M 914,592.42M 960,307.13M 879,847.49M 612,249.03M
Gross Profit -- -- -- -- --
Operating income -53,466.97M 230,865.77M 293,502.33M 278,563.42M -338,996.90M
Income before tax 55,853.77M 65,138.97M 102,320.04M 164,009.43M 58,949.32M
Net income 47,728.85M 58,497.25M 90,272.44M 144,559.04M 46,925.62M
EBITDA -- -- -- -- --
Diluted EPS 3.88 4.68 7.33 11.89 3.54
Dividends Per Share 1.71 1.71 2.57 3.33 --
Total Assets 7,701.49B 8,532.50B 9,227.81B 10,480.50B 10,564.79B
Total liabilities 7,232.66B 7,912.81B 8,451.03B 9,496.66B 9,991.18B
Total equity 459,243.35M 607,774.10M 762,868.90M 949,569.30M 565,690.55M
Operating cash flow -12,826.59M 220,148.81M 18,367.16M 14,765.80M 202,499.36M
 Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022
Revenue 24,311.92M 29,586.29M 32,614.12M 31,499.77M 20,536.33M
Gross Profit -- -- -- -- --
Operating income -1,773.10M 7,468.31M 9,967.97M 9,972.96M -11,370.78M
Income before tax 1,852.25M 2,107.19M 3,475.01M 5,871.76M 1,977.30M
Net income 1,582.81M 1,892.33M 3,065.84M 5,175.41M 1,574.00M
EBITDA -- -- -- -- --
Diluted EPS 0.12 0.15 0.24 0.42 0.11
Dividends Per Share 0.05 0.05 0.08 0.11 --
Total Assets 250,560.94M 284,635.05M 328,415.39M 378,808.91M 343,732.66M
Total liabilities 235,308.12M 263,962.99M 300,769.90M 343,248.77M 325,069.90M
Total equity 14,941.06M 20,274.68M 27,150.29M 34,321.37M 18,405.12M
Operating cash flow -425.36M 7,121.62M 623.78M 528.63M 6,792.32M

Valuation Measures

Dec 2022
Operating margin-55.36%
Profit margin7.66%

Key executives

  • President, General Manager & Director: Yue Ting Han
  • Head-Finance & Deputy General Manager: Yan Sung Chen
  • Director & Chief Investment Officer: Fu Hsing Lin
  • Deputy General Manager: Li Peng Chang
  • Senior Associate: Chia Hui Wang


  • City of Taipei (Taiwan) (13.0%)
  • Ming Dong Co. Ltd. (8.3%)
  • Dao Ying Co. Ltd. (7.6%)
  • TSAI MING CHUNG (3.7%)
  • Hung Fu Investment Co. Ltd. (2.5%)
  • Labor Pension New Fund (2.2%)
  • The Vanguard Group, Inc. (1.9%)
  • BlackRock Fund Advisors (1.4%)
  • Chung Shing Development Co. Ltd. (1.4%)

Contact Details

  • Website:
  • Address: 15-16F, No. 179, Liaoning Street, Taipei, 104105, 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.
  • Fubon Bank (Hong Kong) Ltd.
  • Fubon Insurance Co., Ltd.


  • Yuanta Futures Co., Ltd.
Last Updated on 31 Mar, 2023

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