KGI Financial Holding (KGI) today (2nd) held an investor conference to report 1Q26 results. The Group reported profit after tax of NT$11.7 billion for the first quarter, with earnings per share (EPS) of NT$0.69. Adjusted profit for the quarter, including gains from FVOCI (Fair Value through Other Comprehensive Income) equity disposals, reached NT$26.2 billion, equivalent to EPS of NT$1.55, marking a record high for the same period. For the first four months of 2026, KGI Financial Holding reported cumulative unaudited profit after tax of NT$17.59 billion. Including gains from FVOCI equity disposals, adjusted cumulative profit reached NT$37.46 billion, driving an increase of more than NT$80 billion in shareholders’ equity compared with the end of last year. Common equity net asset value per share exceeded NT$23.
It is worth noting that although gains and losses from FVOCI equity disposals are not included in current‑period profit, they are directly reflected in retained earnings and form part of the basis for distributable earnings. As of April, KGI Life Insurance has timely realized nearly NT$20 billion in capital gains, further expanding the foundation of distributable earnings.
Among subsidiaries, KGI Life Insurance reported profit after tax of NT$4.8 billion for 1Q26. Including gains from FVOCI equity disposals, adjusted profit after tax reached NT$19.03 billion, underscoring outstanding performance in capital market operations. On the product side, first‑year premiums (FYP) totaled NT$25.2 billion in the first quarter, up 28% YoY. Investment‑linked policies grew 210% compared with the same period last year, while U.S. dollar‑denominated policies accounted for 59% of installment premiums. In the first quarter, NT$3.7 billion of Contractual Service Margin (CSM) was released into profit and loss, while new business added NT$8.2 billion to CSM. As of the end of March, the CSM balance stood at NT$240.9 billion.
KGI Bank reported profit after tax of NT$2.1 billion for 1Q26, up 23% YoY, with return on equity (ROE) reaching 10.6%. Wealth management fee income grew 23% YoY, while the benefits of the ONE KGI strategy continued to materialize. Supported by the transfer of securities settlement accounts and effective digital marketing, new accounts increased 69% YoY. As a result, the ratio of demand deposits rose to 44.4% in the first quarter, contributing to future interest spread performance.
KGI Securities, the second‑largest brokerage in the market, benefited from active trading so far this year. Supported by its long‑standing client base, all business lines recorded significant growth. First‑quarter profit after tax reached NT$5.91 billion, a 2.2‑fold increase YoY. Both brokerage fee income and net investment income delivered strong results, with brokerage and underwriting market share consistently ranking among the top two in the industry. Return on equity (ROE) stood at 33.1%, well above the industry average. KGI Securities also continued to deepen its wealth management business, with assets under management reaching NT$366 billion as of the end of March 2026, up 20% YoY, while related revenue grew more than 30%.
KGI SITE’s positioning in equity ETFs and multi‑asset ETFs has begun to yield results. In February, the launch of the KGI Taiwan TOP 50 ETF (009816), distinguished by its “non‑distribution” feature, received strong market response, underscoring the company’s recognized product development capabilities. Overall, the number of beneficiary units and fund size increased 72% and 30% QoQ, respectively, far outperforming the broader ETF industry. As of the end of March, the number of beneficiaries surpassed 950,000. Serving as an important channel for building relationships between the Group and its clients, KGI SITE will continue to leverage its expanding customer base and collaborate with other subsidiaries to drive business growth.
CDIB Capital reported profit after tax of NT$190 million for 1Q26, with assets under management totaling NT$62.2 billion. In the second half of 2026, the company will successively launch several new funds, including the CDIB Healthcare Fund III, the CDIB A‑IM Fund in collaboration with Porsche Ventures, and the Taiwan Innovation Technology Fund of Funds, with combined fundraising expected to exceed NT$10 billion.
KGI Financial Holding stated that its strategic direction will continue to focus on optimizing the financial structure, deepening the ONE KGI strategy to drive business growth, and maintaining a stable dividend policy. KGI Life Insurance will strengthen financial resilience through both product strategy and capital deployment, while leveraging AI‑enabled digital technology to promote product innovation and extend service scenarios. KGI Bank, in addition to expanding its customer base through the ecosystem, is accelerating digital transformation and regional expansion. KGI Securities, building on its brokerage and wealth management foundation, will capitalize on its regional platforms in Hong Kong and Singapore to provide clients with one‑stop cross‑border financial services.
