Cumulative Profit after-tax Reaches NT$11.69 Billion for the Year;
Adjusted Cumulative Profit NT$26.205 Billion
Earnings per Share (EPS) NT$1.55
KGI Financial Holding (KGI) today (13th) announced its unaudited financial results for March, with profit after‑tax reaching NT$2.026 billion. The cumulative profit after‑tax for the year was NT$11.69 billion, with earnings per share (EPS) of NT$0.69. 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). With the inclusion of FVOCI stock disposal gains, KGI Financial Holding reported adjusted profit of NT$6.577 billion for March. Cumulative adjusted profit for the first three months reached NT$26.205 billion, equivalent to earnings per share (EPS) of NT$1.55, continuing to set a new historical high for the same period with an annual growth rate exceeding 200%. 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 with Middle East geopolitical tensions escalating, Taiwan’s weighted stock index showed a pullback trend, though trading volume continued to expand. In response to financial market volatility, the Group has strengthened risk control and improved operational efficiency. Subsidiaries including securities, banking, and insurance businesses have continued to deliver stable profit contributions. KGI Bank and KGI Securities, two subsidiaries of KGI Financial Holding, reported cumulative profit after‑tax of NT$8.005 billion for the first three months of the year, representing a 126% increase compared to the same period last year. This solid performance provides a strong foundation for the Group’s profitability and dividend distribution. Supported by the profitability of its securities, banking, and insurance businesses, KGI Financial Holding continues its stable dividend policy, sharing operating results with all shareholders. For 2025, the management team plans to recommend to the Board a cash dividend distribution level of no less than NT$0.95 per share.
Benefiting from loan expansion and rising interest margins, KGI Bank’s net interest income continued to grow steadily, while fee income maintained strong momentum, becoming a key driver of profitability. Profit after‑tax for March was NT$705 million; cumulative profit after‑tax for the year reached NT$2.099 billion, representing a 23% increase compared to the same period last year.
In securities operations, although capital markets in March experienced a pullback due to escalating Middle East geopolitical tensions, the number of trading days on the Taiwan Stock Exchange increased and trading volume continued to reach new highs. Supported by brokerage and wealth management fee income, as well as capital gains and fee contributions from underwriting activities, KGI Securities recorded profit after‑tax of NT$1.206 billion for March. Cumulative profit after‑tax for the year reached NT$5.906 billion, setting another record high for the same period, representing a 220% increase compared to last year.
KGI Life Insurance has achieved steady growth in new contract business this year, with new contract premium income reaching NT$9.4 billion in March, driving cumulative new contract premiums to NT$25.2 billion, a 28% increase compared to the same period last year. In terms of product mix, continued focus on foreign currency policies and investment‑linked products has delivered significant results, serving as the key growth drivers. Sales of these two core product lines have increased by 45% and 210% YoY, respectively, not only expanding the scale of new contract business but also providing stable support for the profitability of the insurance operations. On the investment side, the U.S.–Iran conflict drove bond yields higher, resulting in unrealized losses on bonds classified as FVTPL and impacting March’s profit performance in the income statement. Nevertheless, KGI Life Insurance continued to implement flexible asset allocation and seized investment opportunities in a timely manner, realizing partial capital gains and maintaining investment performance at a solid level. Profit after‑tax for March was NT$717 million. Including realized capital gains from FVOCI stocks of approximately NT$4.428 billion, total adjusted profit for the month reached NT$5.145 billion. For the first three months of the year, KGI Life Insurance’s cumulative adjusted profit amounted to NT$19.025 billion, 3.1 times that of the same period last year, reflecting outstanding operating results and sustained growth momentum.
Looking ahead, KGI Financial Holding will continue to deepen the ONE KGI Group development strategy, integrating resources across the Group to expand operational synergies and strengthen the collaborative advantages of its three core businesses—banking, securities, and insurance. The company will further enhance comprehensive wealth management and asset allocation capabilities, building long‑term profit momentum to support a stable dividend policy and create a new vision for sustainable development.
