Cumulative Profit after‑tax Reaches NT$9.664 Billion for the Year; Adjusted Cumulative Profit NT$19.628 Billion
KGI Financial Holding (KGI) today (12th) announced its unaudited financial results for February, with profit after‑tax reaching NT$4.019 billion. The cumulative profit after‑tax for the year was NT$9.664 billion, with earnings per share (EPS) of NT$0.57. KGI Life Insurance, a subsidiary of KGI Financial Holding, has adopted the new IFRS 17 accounting standard starting this year. Under the new framework, reported profits no longer include Gains on Disposals of Stock classified as FVOCI (Fair Value through Other Comprehensive Income). Including FVOCI stock disposal gains, KGI Financial Holding reported adjusted profit after‑tax of NT$9.588 billion for February. Adjusted cumulative profit after‑tax for the first two months reached NT$19.628 billion, both setting historical highs for the same period, with YoY growth rates exceeding 170%. FVOCI gains or losses on stock disposals are not included in current-period profit or loss; instead, they are directly reflected in retained earnings, yet still form part of distributable earnings.
KGI Financial Holding stated that, impacted by the U.S.–Iran conflict and resulting financial market volatility, the Group continues to strengthen risk management and enhance operating efficiency. Subsidiary business momentum remains solid, with the management team demonstrating strong ambition. KGI Bank and KGI Securities, two subsidiaries of KGI Financial Holding, reported cumulative profit after‑tax of NT$6.094 billion for the first two months of this year, representing 137% growth compared to the same period last year. This solid performance provides a strong foundation for the Group’s profitability and dividend distribution. In February, despite the Lunar New Year holiday and only 14 working days, KGI Bank demonstrated strong operating resilience. Supported by loan expansion and rising interest spreads, net interest income continued to grow, while fee income also boosted profitability. Profit after‑tax for February was NT$574 million, and cumulative profit after‑tax for the year reached NT$1.395 billion, both setting new highs for the same period. Benefiting from strong trading volumes in the Taiwan stock market and the index reaching record highs, driven by brokerage and wealth management fee income as well as capital gains from proprietary trading and underwriting, KGI Securities recorded profit after‑tax of NT$1.882 billion for February. Cumulative profit after‑tax for the year reached NT$4.7 billion, representing 250% growth compared to the same period last year, and continuing to set new historical highs.
In the life insurance business, policy sales maintained steady growth this year. New contract premium income for February reached NT$6.0 billion, bringing cumulative new contract premiums to NT$15.7 billion year‑to‑date, representing 33% growth compared to the same period last year. KGI Life Insurance continues to focus on foreign‑currency and investment‑linked products as its core strategy. Cumulative sales of these two product categories grew 61% and 179% YoY, respectively, contributing significantly to insurance business profitability. On the investment side, through prudent asset allocation and capturing opportunities from the rising Taiwan stock market, the company achieved strong capital gains and outstanding investment performance. KGI Life Insurance reported profit after‑tax of NT$1.628 billion for February. Including FVOCI stock disposal gains, profit after‑tax reached NT$5.534 billion, for a total of NT$7.162 billion. Cumulative profit for the first two months amounted to NT$13.88 billion, approximately 2.78 times that of the same period last year, reflecting outstanding overall operating performance.
KGI SITE’s newly launched KGI Taiwan TOP 50 ETF (009816), which adopts a compounding concept of reinvesting dividends, has been well received by investors for its innovative product design. The ETF was listed on February 3 with an initial size of NT$9.0 billion. In just over one month, by March 12, the fund size had expanded to NT$81.7 billion, an eight‑fold increase, making it one of the most successful star products in the recent market.
Looking ahead, KGI Financial Holding will continue to leverage its solid financial foundation and deepen the ONE KGI Group strategy. By integrating resources to expand operational synergies and strengthening collaboration among its three core businesses—banking, securities, and life insurance—the Group will enhance comprehensive wealth management and asset allocation capabilities. In navigating market volatility, KGI remains committed to accompanying clients in their growth, driving long‑term profitability momentum, and fulfilling its sustainability objectives.
