Cumulative Profit after-tax Reaches NT$28.44 Billion for First Half, EPS NT$1.64
Including FVOCI Gains on Disposals of Stock, First Half Total NT$67.775 Billion
KGI Financial Holding (KGI) today (14th) announced its unaudited financial results for June, with profit after-tax reaching NT$6.11 billion. The cumulative profit after-tax for the first half of the year was NT$28.44 billion, with earnings per share (EPS) of NT$1.64. KGI Life Insurance, a subsidiary of KGI Financial Holding, has adopted the new IFRS 17 accounting standard starting this year. Under the new standard, profits no longer include Gains on Disposals of Stock classified as FVOCI (Fair Value through Other Comprehensive Income). Including Gains on Disposals of Stock classified as FVOCI for June, the total reached NT$15.447 billion, marking a new monthly high for this year; Including Gains on Disposals of Stock classified as FVOCI, cumulative profit after-tax for the first half of the year reached NT$67.775 billion, also marking a record high for the same period in history. The above FVOCI Gains on Disposals of Stock primarily came from KGI Life Insurance’s timely grasp of market trends. In June, realized gains on stock disposals amounted to approximately NT$9.34 billion, bringing the cumulative realized gains for the first half of the year to over NT$39.33 billion. Although these gains are not included in current-period profits, they are directly reflected in retained earnings and form part of distributable earnings.
KGI Financial Holding stated that Taiwan’s stock market in June continued the bullish momentum from May, reaching new highs driven by AI and semiconductor sectors. Subsequently, profit-taking pressure emerged at higher levels, leading to a consolidation pattern. The Group’s subsidiaries in securities, banking, and insurance maintained stable performance, continuing to contribute to overall profitability.
In banking operations, steady expansion of overall deposit and loan balances has supported growth in net interest income. Meanwhile, wealth management services have driven continued increases in fee income, becoming a key engine in boosting the bank’s profitability. KGI Bank reported profit after-tax of NT$686 million for June. Cumulative profit after-tax for the first half of the year reached NT$4.276 billion, representing a 27% increase compared with the same period last year and demonstrating solid growth momentum.
In securities operations, the continued rise in Taiwan’s stock market trading volume and index levels drove increases in fee income and valuation gains. Brokerage and wealth management, derivatives trading, proprietary trading, and underwriting businesses all contributed positively to profitability. KGI Securities reported profit after-tax of NT$5.03 billion for June. Cumulative profit after-tax for the first half of the year reached NT$17.936 billion, setting a new record high for the same period and representing a substantial YoY growth of 383%.
In insurance operations, KGI Life Insurance recorded new contract premium income of NT$14.1 billion for June, representing a 150% increase compared with the same period last year and marking the highest monthly level in nearly five years. For the first six months of the year, cumulative new contract premium income reached NT$60.0 billion, up 63% YoY. Within investment-linked products, strong capital market performance drove exceptional growth. In June, new contract premium income from investment-linked products reached NT$7.7 billion, representing a remarkable 777% increase compared with the same period last year. For the first six months of the year, cumulative new contract premium income totaled NT$30.3 billion, up 379% YoY. In June, traditional foreign currency premium income increased 60% compared with the same period last year. For the first six months of the year, cumulative growth reached 46% YoY. In investments, KGI Life Insurance adopted a prudent yet flexible asset allocation strategy, seizing market opportunities and realizing capital gains on equities in a timely manner. Profit after-tax for June amounted to NT$1.516 billion. Including FVOCI Gains on Disposals of Stock (after-tax) of approximately NT$9.34 billion, the total reached NT$10.856 billion. For the first half of the year, cumulative profit after-tax was NT$9.203 billion. Including FVOCI Gains on Disposals of Stock (after-tax) of approximately NT$39.04 billion, the total reached NT$48.246 billion.
Looking ahead, KGI Financial Holding will continue to deepen its ONE KGI strategy, integrating the strengths of its three core businesses—banking, securities, and insurance—to build a more competitive financial services platform. This approach is designed to enhance growth momentum and operational resilience, while creating long-term value for customers and shareholders.
