Asia300

Fubon Financial Holding Co. Ltd.

Taiwan

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Aug 18, 2017
Prev close: 47.6
Aug 18, 2017
Market cap:
Market cap(USD):
487,119M
16,058M
Shares: 10,233.6M

Currency in TWD

Company profile

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

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 2016

  • Local currency
  • US Dollar
Revenue 699,907.04M
Gross profit --
Operating income 80,954.00M
Income before tax 53,247.68M
Net income 48,421.04M
EBITDA --
Diluted EPS 4.73
Dividends per share 2
Total assets 6,333.67B
Total liabilities 5,906.56B
Total equity 426,819.66M
Operating cash flow 67,731.78M

Currency in TWD

Revenue 21,702.00M
Gross profit --
Operating income 2,510.13M
Income before tax 1,651.04M
Net income 1,501.39M
EBITDA --
Diluted EPS 0.14
Dividends per share 0.06
Total assets 196,520.93M
Total liabilities 183,268.72M
Total equity 13,243.34M
Operating cash flow 2,100.15M

Currency in USD

Valuation measures

Dec 2016

PER 10.78
ROA 0.78%
ROE 12.18%
Operating margin 11.56%
Profit margin 6.91%

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.(2.3%)
  • 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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