KGI Financial reported today its profit for the month of December 2024. Unaudited after-tax profit was NT$502 million while after-tax profit for the 2024 full year reached NT$33.55 billion. This marks the second highest in history for the same period, with an annual growth rate of 77% and EPS totaled at NT$1.97.
KGI Life adopted a relatively conservative investment approach in December, resulting in an after-tax loss of NT$2.32 billion for the month. However, this loss was significantly reduced compared to the same period last year. KGI Life's FYP income achieved an annual growth rate of over 10% in 2024. Driven by investment returns, the after-tax profit for the year 2024 reached NT$22.15 billion, with an annual growth rate of 118%.
KGI Securities reported an after-tax profit of NT$636 million in December due to the decrease in trading volume in the Taiwan stock market. The active trading in the capital market in 2024 led to significant growth in KGI Securities' brokerage, wealth management, underwriting, and financial investment operations, with annual after-tax income reaching NT$10.12 billion, representing a year-on-year growth of 38%.
KGI Bank reported an after-tax profit of NT$398 million for December last year, driven by stable interest and fee income. Its after-tax profit for 2024 was NT$5.53 billion. With a double-digit year-on-year growth rate in deposits and lending, KGI Bank's total assets in 2024 exceeded NT$900 billion. As of the end of last year, the NPL ratio remained at 0.2%, maintaining robust asset quality. CDIB Capital Group’s after-tax profit for December was NT$40 million and after-tax profit for the 2024 full year was NT$731 million.
KGI Financial stated that the company completed the name change and rebranding in 2024, which not only enhanced the brand image but also further optimized group resources to develop an operational model that aligns with market trends and customer needs. Looking ahead to 2025, KGI Group will continue to deepen the One KGI strategy and corporate culture, accelerating growth for the group and becoming a comprehensive financial partner for customers.
